Business News

Petrol Group Reports EUR 35m Net Profit in First Nine Months

Ljubljana, 20 October (STA) - Energy group Petrol generated a net profit of some EUR 35m in the first nine months of 2011, which is on par with the same period last year. The group sold an estimated 1.7m tonnes of oil derivatives, which is 2% more year-on-year and 2% better than planned, the parent company revealed on Thursday.

The group generated EUR 328m in revenues from sales of merchandise, which is 5% more than in the first nine months of 2010, Petrol wrote on the website of the Ljubljana Stock Exchange.

The results for the first three quarters further show the group sold 72.7m cubic metres of natural gas and 40,000 tonnes of liquefied petroleum gas, an increase of 7% and 17% year-on-year respectively.

Petrol further sold 798,600 MWh of electricity, which is 227% more year-on-year.

At the end of September, the group operated 448 service stations in Slovenia, Croatia, Bosnia-Herzegovina, Serbia, Kosovo and Montenegro.

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