PETROPERU received 502.7 million soles of utilities in 2015

According to the 2015 Anual Report published in the Superintendency of the Securities Market (SSM), PETROPERU had received a net utility of 502.7 million soles in 2015, after writing down minor sales costs and reporting a higher operating profit due to the negative effect of the change rate and the gross incomes being higher than 11.906 million soles, the total was less than the 15.050 million soles registered in 2014.

Due to a higher price on the crude oil and products inventory (improvement of the differences between the purchase and sales price), higher incomes by the services due to the actualisation of the tariff, higher total sales, less operative expenses and less VAT expenses unrecovered in the Amazon region, the company acquired the results already mentioned.

On other side, the oil sales volume in the internal market has grown in 10% from year to year, where PETROPERU participated in a 50%. Likewise, it is important to point out that other detail that helped in the higher incomes of the company was the less VAT expenses unrecovered in the Amazon region that went from 245 million soles to 139 million soles an not to mention the lower prices that in October the company was able to use all the fiscal credit returning the lost of 218 million soles in 2014.

The operative expanses lower from 940 million soles to 813 million soles and the sales costs were lower than in 2014 according to the inventories acquired of the downward prices.