LJUBLJANA (Slovenia), May 17 (SeeNews) – Slovenian energy group Petrol [LJE:PETG] said on Friday its consolidated net profit rose 2% on the year to 18.2 million euro ($20.4 million) in the first quarter of 2019.
Consolidated sales increased 19% on the year to 1.4 billion euro in the three months through March, mainly due to higher sales, Petrol said in a bourse filing.
EBITDA totalled 46.3 million euro, a 23% increase compared to the same period of 2018.
The energy group generated an adjusted gross profit of 112.1 million euro in the period under review, a 10% increase year-on-year.
In the first three months of 2019, the Petrol Group sold 906,500 tonnes of oil products, which is 24% more than in the first three months of 2018. The Petrol Group sold 44,200 tonnes of liquefied petroleum gas, up 15% from the same period of 2018.
In the review period, the Petrol Group sold 6.3 TWh of electricity and 5.6 TWh of natural gas. Revenues from sales of merchandise in the first three months of 2019 amounted to 130.8 million euro, up 9% from the figure achieved in the same period of 2018.
At the end of March, the Petrol Group operated 505 service stations, of which 319 in Slovenia, 107 in Croatia, 42 in Bosnia and Herzegovina, 14 in Serbia, 12 in Montenegro and 11 in Kosovo.
($=0.89329 euro)
Petrol d.o.o. is among the biggest companies in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here