May 19 (SeeNews) - Slovenian energy company Petrol [LJE:PETG] said on Friday its consolidated net profit rose 15% on the year to 16.1 million euro ($17.9 million) in the first quarter of 2017.
Consolidated sales jumped 34% year-on-year to 1.1 billion euro in the three months through March, mainly due to higher oil prices, Petrol said in a bourse filing.
In the first three months, the Petrol Group sold 756,100 tonnes of oil products, which is a 6% increase on the year, 525,500 MWh of natural gas, down 4%, and 36,900 tonnes of liquefied petroleum gas, up 5%. Electricity sales surged 61% to 5.8 TWh and sales of heating energy rose 10% to 64,200 MWh.
On SEE markets, the Group sold 159,200 tonnes of petroleum products, representing 21% of its total sales.
Consolidated EBITDA totalled 32.7 million euro, a 4% increase compared to the same period of 2016.
At the end of March 2017, the Petrol Group operated 488 service stations, of which 316 in Slovenia, 105 in Croatia, 36 in Bosnia and Herzegovina, 10 in Serbia, 10 in Montenegro and 11 in Kosovo.
($=0.897840 euro)