Slovenia's Petrol reports 13 pct rise in 2018 net profit (updated)

Petrol dd Ljubljana

08/03/2019 07:59

(Adds details, background)
    LJUBLJANA, March 8 (Reuters) - Slovenian fuel retailer
Petrol  PETG.LJ  reported on Friday a 13 percent increase in
2018 net profit on the back of rising sales and kept its
guidance for a rise in profit this year.
    Petrol operates 500 filling stations in Slovenia, Croatia,
Bosnia, Serbia, Montenegro and Kosovo.
    It said net profit for 2018 increased to 91.8 million euros
($103 million) with sales rising to 5.4 billion euros from 4.5
billion in 2017.
    "In 2018 Petrol performed very well, exceeding its set
targets," Petrol said.
    It said it still targeted a net profit of 96.7 million euros
in 2019, on sales of 5.6 billion euros, as set out in a plan
announced in December.  urn:newsml:reuters.com:*:nL8N1YJ14F
    It said it increased its staff by 8 percent last year to
4,857.

 ($1 = 0.8929 euros)

 (Reporting By Marja Novak; Editing by Susan Fenton)
 ((Marja.Novak@thomsonreuters.com; +386-1-5058805, Reuters
Messaging: marja.novak.thomsonreuters.com@reuters.net))