The Uruguayan Fuel Distributor (Ducsa) —the Ancap Group’s main collateral— closed the January-September period with a net income of $1,041 million (about US$25.6 million at today’s values) and grew 15% compared to the $907 million for the same period last year (US$22.4 million), according to the balance published before the Montevideo Stock Exchange (BVM).
Ancap’s collateral —which operates under private law— has as its central task the fuel distribution business (where it competes with Axion and Disa) and also lubricants. Currently, It supplies some 280 stations of the Ancap label throughout the country.
Ducsa has historically been the company with the best performance and the one that has contributed the most to the Ancap Group’s profits. Ducsa’s gross income grew 39% during the accumulated January-September, to $ 50,660 million, according to its latest balance. Meanwhile, the gross profit in the accumulated to September was $2,041 million above the $1,749 million of last year.
According to the balance sheet, as of September 30 of this year, Grupo Ancap’s collateral had no dividends to be transferred to its shareholders. As of December 31 of last year, it had profits of $281 million pending transfer, resources that were already poured throughout this year.
The directors and key management personnel received in the nine-month period ended September 30, 2022 only short-term benefits in the amount of $11.9 millionby down from the $28 million awarded in the same period last year.
