Although Promigas’ sales rose, profit fell by 13.4%

Promigas presented consolidated results for the third quarter, from which it is clear that The company’s sales rose slightly. between July and September by 9.5%. However, profits fell 13.4% over the same period.

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Revenues for the company and its subsidiaries were $1.36 billion in the three months, surpassing the $1.24 trillion that was reported for the same period in 2022. Reviewing the accumulated numbers, this means that revenue is $3.9 trillion, which is 97% of the proposed target for that year.

(See: Without gas, it would cost the country the same as six taxes).

The natural gas distribution and marketing company said it had connected 318,892 new customers to natural gas and electricity service as of September, incl. Colombia and Peru (residential, commercial, industrial, NGV and others).

In terms of operating results, the company saw a slight decline in both the quarter and the cumulative nine months. In the quarter, the result was $480,000 million, down 3.2% over the period. This was the case at the consolidated level $1.42 trillion compared to $1.51 trillion for the nine months of 2022.

(See: Promigás opens liquefied natural gas station in northern Peru).

In this way, society achieved a result of 270.6 billion dollars in the quarter, a decrease of 13.4% compared to the $312,600 million profit seen in the same period in 2022. For the nine months, this profit reached $832,000 million, which is a decrease of 17.1% compared to the $1 billion earned at the same time of year. year.

(See: Promigas and TGI announce use of interconnection for gas transport).

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