Business News

Petrol Q1 Profit Down Y/Y, Above Plans

Ljubljana, 16 May (STA) - Energy group Petrol made a net profit of EUR 12.4m in the first quarter of the year, which is 4% less than in the same period last year, but 20% above plans, the company said in Thursday's statement.

The group continued to see a steady rise in revenues, which stood at EUR 947m for the quarter, up nearly 5% over the same period in 2012.

Earnings before interest, tax, depreciation and amortization stood at EUR 30m, down from EUR 33.4m in the first quarter of 2012, Petrol said.

The group which operates 315 petrol stations in Slovenia and another 150 in countries of the former Yugoslavia sold 641,100 tonnes of petroleum products in the first quarter, which is 7% more than last year.

Natural gas sales meanwhile rose by 8% to 55.8m m3, while liquefied petroleum gas sales were down 2% to 16,500 tonnes.

Also down were merchandise sales at Petrol's pumps, which dropped by 9% to EUR 117.4m. Meanwhile, electricity sales surged 116% to 1.1 terawatt hours (tWh).

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