Supergas: an increase of about 7% in the quarterly profit – the company will distribute another dividend – the capital market

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(66.94%), which was issued about nine months ago, reports a 6.9% increase in net profit in the fourth quarter of 2020 to NIS 17.1 million, compared with NIS 16 million in the fourth quarter of 2019. The company’s revenues in the quarter rose negligibly to NIS 144.9 million. NIS, compared with NIS 144.5 million in the fourth quarter last year.

The company is trading at a price of NIS 75 per share, at a multiplier of 23.5, when since the issue about 9 months ago, the share has lost about 6% of its value. Since the beginning of the year, the stock has lost about 3.5%.

The company’s EBITDA in the fourth quarter of 2020 amounted to NIS 39.2 million, compared with NIS 40.3 million in the corresponding quarter last year. The company explains that the change is due to a decrease in operating profit in the LPG sector due to a decrease in the quantities of LPG sold to the business sector, and an erosion in selling prices to the private sector, as well as a slight decrease in operating profit in the natural gas sector.

And divided into activity sectors: Revenues from the LPG sector In the quarter, they amounted to NIS 100.1 million, compared with NIS 111 million in the corresponding quarter last year. The company explains the decrease in revenue turnover by a decrease in the quantities of LPG sold to the business sector as a result of the effect of the corona virus and lower energy prices. Revenues from the natural gas sector In the quarter, they rose by 34% to NIS 44.8 million, compared with NIS 33.5 million in the corresponding quarter last year.

Annual net profit increased by 1% – revenues decreased by 2%
The company recorded an increase in net profit of NIS 68.1 million in 2020, compared with a net profit of NIS 67.3 million in 2019. EBITDA in 2020 increased by 4.2% to NIS 160.6 million, compared to NIS 154.2 million in the corresponding period last year. .

Total revenues for 2020 amounted to NIS 559.9 million, compared with NIS 571.5 million in 2019. In the field of LPG Revenues totaled NIS 422.6 million, compared with NIS 438.3 million in the previous year. The company explains that the decrease in revenue is due to a decrease in the quantities of LPG sold as a result of the closures and restrictions imposed following the Corona virus, which affected LPG consumption, as well as a decrease in energy prices that affected sales prices to the business sector. The decrease was partially offset by an increase in quantities sold to the private sector in Israel In the field of natural gas Revenues increased by 3% to NIS 137.4 million, compared with NIS 133.2 million in the previous year. The increase is due to an increase in the quantities sold (mainly in the fourth quarter) which was partially offset by the decrease in the average oil price this year compared to 2019.

The company’s shareholders’ equity, as of the end of 2020, increased to NIS 744.6 million.

Kfir Navon, CEO of Supergas Energy“We conclude the year 2020 with an increase in net profit to NIS 68 million and an improvement in operating profitability. As of the date of the report, the company has 11 agreements for the establishment of about 40 megawatts, and we estimate some are expected to start supplying electricity and steam during the current year. With a number of factors leading up to the signing of additional agreements. In addition, the company is working to renew its activity in the field of solar energy and is working to identify opportunities in Israel and abroad.

The company has started operating in the last two years in the field of initiating small power plants based on natural gas (cogeneration) and is currently setting up cogeneration facilities with a capacity of about 40 megawatts. The construction of these power plants lasts for relatively short periods of 18-24 months and it has set itself the goal of reaching 70-100 megawatts of power in the coming years.