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Slovenia’s Petrol 9-mo Group Net Profit Falls 9.0% to 42.2 Mln Euro

Nov 14, 2008, 3:49:35 PMArticle by Hristina Stoyanova
share
November 14 (SeeNews) - Slovenian fuel trader Petrol on Friday reported a 9.0% fall in group net profit to 42.2 million euro ($52.9 million) in the first nine months of 2008.

Slovenia’s Petrol 9-mo Group Net Profit Falls 9.0% to 42.2 Mln Euro

Parent net profit from January to September fell by 18% to 35.6 million euro, Petrol said in its nine-month financial report filed with the Ljubljana Stock Exchange (LJSE), where it is listed.

Following are details from the company’s report:

Jan-Sept'08 (in millions of euro) Y/Y Pct Change
GROUP FIGURES
Net Profit 42.2 -9.0
Net Sales 2,220 +48.0
PARENT FIGURES
Net Profit 35.6 -18.0
Net Sales 1,972 +44.0

At the end of September Petrol operated 417 filling stations, of which 310 in Slovenia, 39 in Bosnia and Herzegovina, 63 in Croatia, three in Serbia and two in Kosovo.

Petrol's shares rose 1.89% to an average price of 324.54 euro on the LJSE on Friday. The company announced its financial results after the end of trading.

($ = 0.7981 euro)

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