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Petrol d.d. Q4 profit falls YOY

Petrol d.d. said its normalized net income for the fourth quarter amounted to €5.15 per share, a decline of 10.2% from €5.74 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €10.6 million, a decrease of 10.2% from €11.8 million in the prior-year period.

The normalized profit margin rose to 1.4% from 1.4% in the year-earlier period.

Total revenue decreased 13.4% year over year to €734.6 million from €848.0 million, and total operating expenses declined 12.8% from the prior-year period to €712.9 million from €817.9 million.

Reported net income grew 11.3% on an annual basis to €16.8 million, or €8.17 per share, from €15.1 million, or €7.34 per share.

For the year, the company's normalized net income totaled €22.95 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €29.40.

EPS rose 10.6% from €20.75 in the prior year.

Normalized net income was €47.3 million, a rise of 10.6% from €42.8 million in the prior year.

Full-year total revenue declined 7.9% year over year to €2.81 billion from €3.05 billion, and total operating expenses declined 8.0% year over year to €2.72 billion from €2.96 billion.

The company said reported net income increased 7.7% year over year to €65.5 million, or €31.79 per share, in the full year, from €60.9 million, or €29.52 per share.