Ljubljana, Nov. 15 (Reuters) - Slovenia's largest fuel retailer said on Friday its group net profit rose 16 percent to 80.1 million euros ($88.3 million) in the first nine months of 2019, helped by sales growth.
Sales rose 10 percent to 4.2 billion euros, with oil products up 15 percent to 2.9 million tons and gas and electricity up 16 percent, the report said.
"The economic situation is improving in Slovenia and Croatia, but other south-east European countries that also make up the Petrol market still face tough economic conditions, low purchasing power and high unemployment," Petrol said.
The company confirmed plans announced in December to make a full-year profit of 96.7 million euros, compared with a full-year profit of 91.8 million euros in 2018 on sales of 5.6 billion euros.
The company operates 507 gas stations in Slovenia, Croatia, bosnia, Serbia, Montenegro and kosovo, and plans to open eight more by the end of the year
