Business News

Petrol Posts Q1 Profit of EUR 9m

Ljubljana, 22 April (STA) - Energy group Petrol generated a net profit of EUR 9m in the first three months of this year, which compares to a EUR 5.6m loss in the same period last year, the company reported on Thursday. Group net revenue reached EUR 607m, a 9% increase year-on-year.

The economic crisis, which had a significant impact on results in 2009, when net profit totaled EUR 10.4m, is continuing and has also affected the results for the first quarter, Petrol said, but it nonetheless labelled the figures a success.

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