Slovenia's Petrol Jan-Sept net profit up 16% (updated)

Petrol dd Ljubljana

15/11/2019 07:52

(Updates with quote, details)
    LJUBLJANA, Nov 15 (Reuters) - Petrol  PETG.LJ  reported a
16% rise in group net profit to 80.1 million euros ($88.3
million) for the first nine months of 2019 helped by higher
sales, Slovenia's largest fuel retailer said on Friday.
    Sales rose 10% to 4.2 billion euros, it said, with sales of
oil products up 15% to 2.9 million tons and sales of gas and
electricity up 16%.
    "In Slovenia and Croatia the economic situation is
improving, but other Southeastern European countries which also
make up Petrol's market still face demanding economic
conditions, low purchasing power and high unemployment," Petrol
said.
    It confirmed its plan, announced in December last year, for
full-year profit to reach 96.7 million euros compared with 91.8
million in 2018 on sales of 5.6 billion.
    Petrol operates 507 filling stations in Slovenia, Croatia,
Bosnia, Serbia, Montenegro and Kosovo and plans to open eight
more by the end of the year.
    ($1 = 0.9074 euros)

 (Reporting by Marja Novak; Editing by Jason Neely and Mark
Potter)
 ((Marja.Novak@thomsonreuters.com; +386-1-5058805, Reuters
Messaging: marja.novak.thomsonreuters.com@reuters.net))