Net profit reached RON4 billion, against RON10.3 billion in the previous year, in line with the company’s financial report.
Sales on the Refining and Marketing segment accounted for 69% in overall consolidated sales, sales on the Gas and Energy segment had a 30% contribution, while Exploration and Production sales had a weight of just 0.1%.
Investments totaled RON4.7 billion, up 32% from 2022, being mainly directed to Exploration and Production, with RON2.5 billion investments.
Refining and Marketing investments stood at RON1.95 billion, while Gas and Energy Investments reached RON69 million.
Operating profit amounted to RON7.5 billion, down 37% from 2022 on the lower contribution of all business segments, mostly driven by the lower market prices and lower availability of our assets due to planned maintenance activities.
Total liabilities rose by RON781 million against December 31, 2022.
In the fourth quarter of 2023, the group’s consolidated sales shrank by 40% from the year-earlier period, to RON10.2 billion, negatively impacted by lower commodity prices and lower sales volumes of electricity and natural gas.
(English version by Catalina Apostoiu)