PROMIGAS Corporate Financial Results 4Q 2021
FINANCIAL STATEMENTS
PROMIGAS PROFIT AND LOSS
STATEMENT | Consolidated
4Q 2021 - 4Q 2020
Revenue¹
▲ 10%
EBITDA
▼ -37%
1,216,221
1,105,625
801,834
501,900
Utilidad neta
▼ -47%
265,046
500,984
Revenue (A10%)
Operational Revenue (10%): Surtigas and GDO: increase
in 2020 since there was a lower gross profit in the
marketing and distribution businesses, of rights and
materials and services, due to the lower consumption of
non-regulated industries and as consequence of the
COVID-19. CEO: higher distribution income due to the
growth of the level 1 rate due to the transfer of the
higher cost per IPP to the rate. Promigas: increase due
to a higher average TRM in 2021. The foregoing was
offset by Promioriente: impact on volumes due to an
emergency in the Gibraltar-Bucaramanga gas pipeline
from August 3 to December 15.
Figures in COP
4Q-2021 4Q-2020
1 Revenue: Operating Revenue+ Participation MethodView entire presentation