Slovenian fuel retailer Petrol sees 2020 net profit rising 13.5% (updated)

Petrol dd Ljubljana

13/12/2019 07:39

(Updates with quote, details)
    LJUBLJANA, Dec 13 (Reuters) - Slovenia's largest fuel
retailer Petrol  PETG.LJ  said on Friday that it sees 2020 group
net profit at 109.8 million euros ($121 million), rising from an
expected 96.7 million euros this year on higher sales.
    It said sales are expected to rise to 6.4 billion euros from
5.6 billion seen in 2019.
    "The group's investment policy for 2020 will be focused on
accelerating the growth of business in the area of renewable
electricity production, on consolidating its position and
expanding sales and on expanding its operations in the area of
energy and environmental solutions," Petrol said in a statement
without elaborating. 
    Petrol, which operates filling stations in Slovenia,
Croatia, Bosnia, Serbia, Montenegro and Kosovo, plans to
increase the number of stations to 522 by the end of 2020 from
508 at the end of this year.
 
    ($1 = 0.9073 euros)

 (Reporting by Marja Novak; Editing by Susan Fenton)
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