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Retail

Slovenia's Petrol Reports 13% Rise In 2018 Net Profit

Slovenian fuel retailer Petrol reported on Friday a 13% 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 with sales rising to €5.4 billion 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 in 2019, on sales of €5.6 billion, as set out in a plan announced in December.

It said it increased its staff by 8% last year to 4,857.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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