Operating profit was 0.76 billion to 0.09 billion zł zł profit a year earlier. Consolidated sales revenue reached 11.48 zł billion in the fourth quarter. 2014. Zł to 9.10 billion a year earlier.
The I-IV quarter. 2014. company had 2.82 billion zł consolidated net profit attributable to shareholders of the parent, compared with 1.92 billion zł profit a year earlier, with sales revenues of EUR 34.30 zł billion, compared with 32.04 zł billion a year earlier.
“By 2014, the Capital Group PGNiG reached more than 2.8 billion zł net profit, which was 47% more than in 2013. This is the result of lower costs of gas and operationally strong distribution segment results. PGNiG Group also recorded a 7% increase in sales to over 34 billion zł in 2014 to 32 billion in 2013 zł. This growth was mainly influenced by an increase of 9%, or about 2.16 billion zł, revenues from gas sales “- said in a press release.
EBITDA in 2014 amounted to 6.3 billion to 5.6 zł zł billion a year earlier.
In terms of unconsolidated net profit in 2014. amounted to 1.90 billion zł zł to 1.69 billion profit a year earlier.
“Income distribution segment remained in 2014. a similar level of approx. 4.3 billion zł as in 2013. despite the 5-percent reduction in volumes of gas distributed due to higher by almost 1 degree C average annual air temperature. EBITDA increased by 25% to 2 billion in 2014 zł., Compared to 1.6 billion in 2013 zł. In 2014. Segment profits were affected by significant one-off events, including an increase in actuarial reserves minus 141 million zł and higher The balancing costs “- the release reads.
In 2014. Segment sales revenues decreased production about 6% to 1.9 billion zł in comparison to 2013. This was due to, inter alia, a drop in revenues from electricity sales by 13% to 800 million zł. In contrast, revenues from the sale of heat remained stable at 1.1 zł billion, as a result of higher tariffs for heat and lower by 9% in volume arising from the mild winter, are also given.
Heat sales amounted to 36.6 PJ in 2014., while electricity sales fell by 6% to 3.56 TWh.
Revenues Exploration and Production segment in 2014. decreased by 2% to 6.1 billion zł in comparison to 2013. In contrast, EBITDA decreased by 7% to 3.14 billion zł in 2014. “The results of one-off events influenced ie. write-downs of EUR 707 million zł and written wells and seismic negative EUR 330 million zł, as well as declining since September of last year selling price of crude oil “- explains the company.
Supply of high methane gas in underground storage facilities at the end of 2014 . reached approx. 2.1 billion m3, as of December 2013.
Steinhoff: restructuring pays off
increase in net profit Polish Oil and Gas Company of nearly half of last year shows that the group running cost reduction programs already yielded results, believes former Deputy Prime Minister and Minister of Economy Janusz Steinhoff. “The results, which PGNiG has developed in 2014 is good news. The profit of 2.8 billion zł even more pleasing that before the company faces serious challenges related to investments. In addition, the company must adapt to the changing environment. So far, PGNiG is still subject dominant in the gas market, but competition is increasing, so the company must undergo structural change and be cost-effective “- Steinhoff said.
PGNiG is present on the Warsaw Stock Exchange since 2005. The Group is engaged in production of natural gas and crude oil in the country, the import of natural gas to the Polish, gas storage in underground gas storage facilities, distribution of gaseous fuels, as well as gas deposit development gas and oil in the country and abroad, and the provision of services geological, geophysical and exploration in Poland and abroad.
No comments:
Post a Comment