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Petrol d.d. Q2 profit climbs 55.4% YOY

Petrol d.d. said its second-quarter normalized net income was €6.87 per share, a gain of 55.4% from €4.42 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €14.2 million, a gain of 55.4% from €9.1 million in the prior-year period.

The normalized profit margin increased to 2.2% from 1.3% in the year-earlier period.

Total revenue decreased 6.4% on an annual basis to €640.9 million from €685.0 million, and total operating expenses declined 6.8% on an annual basis to €617.7 million from €663.0 million.

Reported net income grew 50.0% on an annual basis to €17.9 million, or €8.70 per share, from €12.0 million, or €5.80 per share.