Business News


Petrol's revenue, profit up in first six months

Ljubljana, 30 August (STA) - The group around fuel retailer Petrol saw its sales revenue rise by 15% to EUR 2.73 billion in the first six months of the year, with its net profit up by 4% to EUR 40.7 million from the same period in 2018.

The operating profit rose by 23% to EUR 66.1 million, the Ljubljana-based energy group said in a release on Friday, a day after the supervisory board discussed its performance.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 25% to EUR 98.7 million.

Merchandise sales accounted for EUR 236.7 million in revenue in the January-June period, a rise of 4%.

The group sold 1.9 million tonnes of oil derivatives in the first six months, a rise of 17% from the same period last year.

In Slovenia, it sold 846,200 tonnes (+7%), 387,000 tonnes were sold in SE Europe (+7%) and 618,000 tonnes in EU markets (+45%).

LPG sales rose by 17% to 90,100 tonnes, with electricity sales totalling 12.3 TWh and natural gas sales amounting to 10 TWh.

At the end of June, the group operated 507 service stations, of which 319 in Slovenia, 108 in Croatia, 42 in Bosnia-Herzegovina, 14 in Serbia, 13 in Montenegro and 11 in Kosovo.

The parent company Petrol finished the first six months with EUR 2.13 billion in sales revenue, up from EUR 1.86 billion in the same period last year, whereas net profit plummeted by 43% to EUR 19.1 million.

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