PROMIGAS Corporate Financial Results 4Q 2021
FINANCIAL STATEMENTS
PROMIGAS PROFIT AND LOSS
STATEMENT | Consolidated
4Q 2021 - 4Q 2020
EBITDA
Revenue¹
▲ 10%
▼ -37%
1,216,221
1,105,625
Figures in COP
801,834
501,900
Net Income
▼-47%
500,984
265,046
4Q-2021 4Q-2020
EBITDA (A-37%)
Decrease in EBITDA mainly due to the mandatory
application of IFRS 15 in Gases del Pacífico and Gases
del Norte de Perú in 2020 and retroactive to previous
years, recognizing a margin associated with the
performance obligation for the construction of the
concession infrastructure, and higher costs and
expenses, due to savings achieved in 2020 as a result
of the economic crisis due to COVID-19 and the
normalization of activities.
Net Income (A-47%)
Decrease due to lower EBITDA, higher financial
expenses due to higher interest rates and lower
financial income. All the above was offset by a
decrease in income tax due to a lower income tax rate
and lower profit before income tax.
1 Revenue: Operating Revenue+ Participation MethodView entire presentation