Operating revenue grew 1.4% to RON264 million but are 1.1% below the budgeted level.
Operating expenses rose 4.1% in January-June 2023 to RON233 million versus the same period of 2022, mainly driven by higher modernization quata expenses, personnel expenses, depreciation and rail transport expenses. As compared to the budgetary provisions for the first half of 2023, the operating expenses incurred in Jan-June 2023 were lower by 4.2%.
The operating profit achieved in the first six months of 2023 is RON30.96 million, lower by RON5.55 million (-15.2%) versus the first half of 2022. As compared to the budgetary provisions, the operating profit increased by RON7.35 million (+31.1%).
In the first half of 203, the company transported 3.05 million tons of products, fewer by 360.000 tons than in the same period of 2022.
CONPET’s investment projects aim to enhance the efficiency of the transport activity as well as the operation, under safe conditions, of the National Transport System.During the six-month period ended on June 30, 2023, CONPET achieved investments in amount of RON47 million
Conpet is 58.71%-owned by the Romanian State, through the energy ministry, and the remaining shares are held by private individuals and legal entities.