Tag: petrol

Petrol sold its stake in GEN-I – Slovenia, 23 June 2016

The Management of the Slovenian energy company Petrol signed an agreement to sell half of the shares of GEN-I, which was in its possession since 2011. The shares were purchased by the company EN-EL for 45.1 million euros. EN-EL is a joint venture of GEN Energija (which owns the other half of GEN-I shares), Elektro […]

Petrol expects 40 % increased profit by 2020 – Slovenia, 17 June 2016

Slovenian energy company Petrol adopted a strategic business plan, according to which the company’s net profit should amount to 97 million euros by 2020, which is 40 % higher than net profit planned for this year. Investments in 2016-2020 period should amount to 350 million euros which is, according to management’s expectations, an important prerequisite […]

Petrol recorded lower income but increased profit in Q1 – Slovenia, 20 May 2016

Slovenian energy company Petrol achieved total revenues in the amount of 827 million euros in the first quarter of 2016 and net profit of 14 million euros. Due to the fall in oil prices, sales revenues declined by 6 % compared to the same period in 2015. However, the company’s net profit increased by 5 […]