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UPDATE 1 - Slovenia's Petrol Group sees H1 net profit up 9.0%

LJUBLJANA (Slovenia), July 24 (SeeNews) - Slovenian energy company Petrol said on Tuesday it estimates its consolidated net profit rose 9.0% to 23 million euro ($27.8 million) in the first half of 2012.

Petrol Group is estimated to have generated sales revenues of 1.8 billion euro through June, up 18% from the same period of 2011, the company said in a bourse filing.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) for the first half of 2012 are seen up 4.0% at 58 million euro.

The Petrol Group said it estimates it sold 1.2 million tonnes of oil products in the first six months of 2012, up 9.0% from the same period of the previous year.

At the end of June, Petrol Group operated 457 service stations, including 314 in Slovenia, 90 in Croatia, 37 in Bosnia and Herzegovina, seven in Serbia, five in Montenegro and four in Kosovo.

In the first six months of 2012, Petrol Group's natural gas sales are seen up 5.0% at 67 million cubic metres while sales of liquefied petroleum gas are estimated at 32,000 tonnes, up 25% from the same period of the previous year.

The group is also estimated to have sold 1.1 million megawatt-hours of electricity through June, exceeding by 121% the quantities sold in the same period of 2011.

($=0.827 euro)