The second quarter proved to be very good for UNIMOT GAZ SA . The Company has not only significantly improved results of sales from the previous quarter, but compared with the year 2013 recorded a nearly double increase in revenues.
In the second quarter of 2014. UNIMOT GAZ SA generated revenues from sales for the amount of 176 643.1 PLN, mentioned period was closed with a net profit 1 848.4 PLN. Taking into consideration the entire first half of the year, the net profit of the Company exceeded 2 million PLN and compare to the corresponding period of 2013 is higher over 94,7%.
– Those significant improvement in the financial results of the Company is mainly connected with our extensive entering in the wholesale market of diesel fuel –commented Boguslaw Satława, CEO of UNIMOT GAZ SA – Many years of experience of UNIMOT Group in international trading of petrochemical products allowed us to accurately assess the needs of the market and at the right time expand the offer for this kind of fuel. Another success is the fact that after only 3 months of activity in this area, among Company’s customers were placed important entities from the same industry.
Very good results of sales are also connected with the wholesale gas and biofuels. It should be noted that, in spite of macroeconomic factors related to geo-political tensions in Eastern Europe, which contributed to the global decline in sales of LPG, the increased demand allowed the Company to maintain good margin level.
In the mentioned period of time, UNIMOT GAZ SA focused to develop the natural gas segment projects. Company became co-owner of LNG natural gas plant and through its SPVs has also made gas network acquisition. In order to achieve a full-fledged participation of the Company in the liberalized gas market in Poland, Company gained approval of the tariff on trade in natural gas, which was issued by the President of URE
– Results of sales, achieved in the second quarter of this year proof that all operations performed by the Company are right and bring us closer to the projected results for this year – added Mr. Satława, President of the company.
