December 11 (SeeNews) - Slovenian fuel retailer Petrol [LJE:PETG] said on Friday it expects to post a consolidated net profit of 68.8 million euro ($75.5 million) next year.
The company targets a consolidated net profit of 64.3 million euro in 2015.
Petrol said in a filing to the Ljubljana bourse consolidated sales revenue next year is planned at 3.7 billion euro.
The Petrol Group will achieve the planned results for 2016 by selling 2.75 million t of petroleum products, 112 million cu m of natural gas, 12.4 TWh of electricity, and through merchandise sales of 506.5 million euro.
At the end of 2016, the Petrol Group's retail network will consist of 490 service stations, including 317 in Slovenia, 107 in Croatia, 36 in Bosnia and Herzegovina, nine in Serbia, 10 in Montenegro and 11 in Kosovo.
The number of service stations due to be incorporated into the retail network will increase by nine as compared to the end of 2015, and the opening of new service stations will be evenly distributed throughout the year, Petrol said.
The Slovenian company plans to invest 60 million euro in fixed assets in 2016.
In 2014, Petrol Group sold 2.8 million t of oil products, 112.6 million cu m of natural gas, and 8.7 TWh of electricity.
($=0.911847 euro)
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