2013 Financial Highlights:
The Group has experienced significant growth during the past 10 years and in 2013 reports its strongest results since incorporation. The consolidated Statements of comprehensive income for the year are set out on page 6. The Group's profit for the financial year was £243.3m (2012: £155.8m), and increase of 56%. The Group increased its total equity to £693.7m (2012: £563.8m), an increase of 23% when compared to 31 December 2012.
The Group's profit for the financial year has been achieved despite the ongoing challenging market conditions in which the Group operates. The Group's core European gas business and the global LNG business reported an improved performance when compared to 2012.
The Group has enhanced its stable financial platform, through strong liquidity and risk management, and as at the end of 2013 had repaid all externally sourced funding. As a result of the Group's financial position, its strong performance in 2013, and its ongoing business development activities, the Group believes it can continue to exploit future growth opportunities and deliver strong profitability in 2014 and beyond.
Click here to view GM&T's 2013 Abbreviated Annual Report and Abbreviated Consolidated Financial Statements.