Business News

Petrol Group More Than Doubles Net Profit in First Half

Ljubljana, 15 July (STA) - The group around fuel retailer Petrol posted a EUR 22m net profit in the first half of 2010, which is 20% more than planned and more than double of the group's net profit in the year before, when it stood at EUR 8.7m, Petrol said in a press release on Thursday.

The Petrol group sold in the first half 1.1 million tonnes of petroleum products, which is 4% less than in the same period last year, but 4% more than planned.

Merchandise sales revenues, compared to the first half of 2009, were up by 11% to EUR 205m, exceeding the plan by 6%.

At the end of June, the group operated 436 filling stations - 312 in Slovenia, 75 in Croatia, 40 in Bosnia-Herzegovina, four in Kosovo, three in Serbia and two in Montenegro.

Petrol sold more than 69 million cubic metres of natural gas, which is 4% more than in the same period in 2009 and 7% above plans, and 22,000 tonnes of liquefied petroleum gas, 1% down year-on-year and 4% more than planned.

The group also sold 170,000 MWh of electricity, boosting electricity sales by 50% compared to the year before and exceeding plans by 7%.

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