Business News

Net Profit of Petrol Group Up 6% in H1

Ljubljana, 30 August (STA) - Energy group Petrol generated EUR 1.9bn in revenues in the first half of 2013, which is 7% more than in the same period last year. Net profit increased by 6% year-on-year, reaching EUR 24.4m.

The core company said in a press release on Friday, a day after the results were discussed by the supervisory board, that the results were good, considering the troubled economic situation in Petrol's biggest markets: Slovenia and Croatia.

The group's gross profit amounted to EUR 157.3m in the first half of the year, unchanged over the first half of 2012. Earnings before interest, taxes, depreciation and amortisation (EBITDA) went up by 1% to EUR 58.3m.

The group sold a total of 1.3 million tonnes of petroleum products between January and June, which is 13% more than in the first six months of 2012.

The sales of natural gas went up by 8% to 72.8 million cubic metres, while the sales of liquefied petroleum gas increased by 4% to 33,000 tonnes. Meanwhile, the sales of electricity increased by 95% to 2.2 TWh.

The group's revenues from merchandise however decreased by 5% year-on-year to EUR 224.7m.

At the end of June, Petrol operated 469 petrol stations, which was 5% more than a month ago. 316 of them were in Slovenia, 95 in Croatia, 37 in Bosnia-Herzegovina, 6 in Montenegro and 7 in Kosovo.

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