Date of publication: 15.05.15
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.
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