Energocom's losses in 2023 amounted to 127.3 million lei against a net profit of 142.5 million lei a year earlier.
According to the company's published annual financial statements, at the same time, last year its sales revenue amounted to a record 17 billion 221.5 million lei, almost doubling compared to the previous year. The cost of sales also almost doubled, from 8 billion 813.4 million lei to 17 billion 396.02 million lei. The company's administrative expenses increased by 45%, from 28.4 million to 41.2 million lei, while the general expenses increased 2.8 times, from 42 million to 118.1 million lei. As a result, the company incurred operating losses of 321.6 million lei against a profit of 67.8 million lei a year earlier. The company's total assets decreased by 23.8% over the year, from 12 billion 163.4 million lei to 9 billion 825.9 million lei. According to the company's materials, Energocom purchased 8576327 MW of natural gas worth 4 billion 765 million 009.9 thousand lei in 2023. According to the financial report, the company's revenues from natural gas supply activities accounted for 56.7% of the total revenues generated in 2023, from electricity supply activities at regulated prices - 16.5%, and from electricity supply at unregulated prices - 26.8%. The company's authorized capital decreased by 1 billion lei (-12.8%), from 7 billion 784 million lei to 6 billion 784 million lei. Energocom is 100% state-owned and is engaged in the import and export of electricity and natural gas supplies. // 14.05.2024 - InfoMarket.
