Menu

BEST QUARTER IN THE COMPANY’S HISTORY

Date of publication: 15.05.15

image

THE FIRST QUARTER OF 2015 JUST ENDED  WITH SALES REVENUE OF OVER 280 MILLION POLISH ZLOTY , WITH NET PROFIT OF 2.01 MILLION POLISH ZLOTY. THIS IS THE BEST QUARTERLY FINANCIAL RESULTS IN THE HISTORY OF THE COMPANY.

In the first quarter of 2015, the total revenues of  Unimot SA amounted to 280.63 million zl and as compared to comparable period of last year , company recorded growth of 340%. The Company also recorded a sharp increase in net profit to 2.01 million zł, compared to 0.16 million zł net profit  for the first quarter of 2014. Such a significant improvement in financial results was mainly due to the dynamic development of wholesale diesel sales.

We have achieved so favorable quarterly financial results due to diesel fuel, which is our dominant product in fuel segment – said Przemyslaw Podgorski, CEO UNIMOT SA – What is important, more than a three-fold increase in revenues as  compared to the same period of the previous year is derived from the increase in sales quantity and it is not a result of the rise in prices . In the last quarter we have completed a high  volume transactions in international markets, so that fuel trading reached 60 % of the total revenues of the Company. Thanks to mentioned transactions, we not only increased company revenues and profitability  in comparison to the first quarter of 2014 but also achieved  the best financial results in the history of the Company – said Przemyslaw Podgorski.

Intensification of biofuels and biodiesel in the first quarter have also impact to improve financial results of Unimot SA and their total share in company revenues was 19%. Very similar goal was achived through sale of LPG. It is also worth noting that in the past quarter the Company started to develop natural gas trading, through the Polish Power Exchange Joint Stock Company. All those activities contributed to the increase spanersification of revenue sources.

Very good beginning of the year, is a consequence of decisions concerning  expansion of the Company’s offer, as well as greater use of the opportunities concerning fuels market  – said Przemyslaw Podgorski.

Recommended news

Unimot Group publishes its ESG Report for 2023

Unimot Group, an independent multi-energy group listed on the Warsaw Stock Exchange, has published...

27 May 2024

See more

Unimot Group has leased LPG terminal in Wilhelmshaven, Germany

Unimot Paliwa, a part of the Unimot Group, has concluded a contract for the handling and storage of...

23 May 2024

See more

Unimot Group introduced HVO fuel at its first AVIA fuel station

Unimot Group, a multi-energy company managing the AVIA network in Poland, became the first company...

10 May 2024

See more