Petrol Posts 9% Increase in First-Half Profit on Higher Sales

Petrol Group d.d., Slovenia’s biggest energy company, increased its first-half profit 9 percent on higher sales of oil products.

Net income rose to 23 million euros ($28 million) in the period as revenues climbed 18 percent to 1.8 billion euros from a year earlier, according to preliminary figures released by the Ljubljana-based company in a regulatory statement today. Earnings before interest, taxes, depreciation and amortization advanced 4 percent to 58 million euros.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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