Integra Group reports its profits go down and debts up
19 April 2012 (09:24)
Integra Group of Companies came up with a consolidated financial report (drawn up in accordance with the IAS) for 2011.
‘Our increased investments in the oil development segment resulted in increased demand for well-boring services throughout the year 2011. This year, our energy and fuel spending kept rising; so did the consolidated social tax payments and (to a certain extent) prices; therefore the company’s corrected EBITDA figures were lower than a year earlier. Integra Group of Companies made some net profit from its ongoing activity,’ the company reports.
The company’s main financial performance indicators for 2011 are as follows: the revenues rose by 7.9% and came to $615.8m; the corrected EBITDA dropped by 15.6% and reached $78.2m; the company’s operating profit shrank by 42.8% and thus came to $9.5%; profits stemming from the company’s ongoing business activity increased to $7.9m; the operational cash flow plunged by 53.3% and reached $24.7m. Finally, the company’s net debt came to $181.6m (against $111.7m as of December 31, 2010).
‘Our increased investments in the oil development segment resulted in increased demand for well-boring services throughout the year 2011. This year, our energy and fuel spending kept rising; so did the consolidated social tax payments and (to a certain extent) prices; therefore the company’s corrected EBITDA figures were lower than a year earlier. Integra Group of Companies made some net profit from its ongoing activity,’ the company reports.
The company’s main financial performance indicators for 2011 are as follows: the revenues rose by 7.9% and came to $615.8m; the corrected EBITDA dropped by 15.6% and reached $78.2m; the company’s operating profit shrank by 42.8% and thus came to $9.5%; profits stemming from the company’s ongoing business activity increased to $7.9m; the operational cash flow plunged by 53.3% and reached $24.7m. Finally, the company’s net debt came to $181.6m (against $111.7m as of December 31, 2010).
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