Ownership interest of Petrol d.d., Ljubljana: 89.64% until 3 November 2016 and 100% after that date
The company’s activities consist of gas distribution via a gas network in Serbia. Petrol d.d., Ljubljana entered the natural gas distribution market in the Republic of Serbia by acquiring the local distributor. Thanks to the country’s favourable position in the region, its big development potential and economic growth, this market represents an interesting opportunity for the expansion of Petrol’s gas operations. The company distributes natural gas in the municipality of Bačka Topola, and did so also in the municipality of Pećinci until August 2015. Rodgas AD Bačka Topola distributes natural gas via a gas network measuring 150.0 km.
In 2016 the company sold 7.9 million m3 of natural gas to household and industry customers, up 30 percent on the previous year. At the end of the year, 1,154 households and 114 businesses were connected to its network. The company generated net sales revenue of EUR 2.3 million in 2016. Its 2016 operating profit stood at EUR 233.5 thousand, which was 118 percent more than the year before. The company’s net profit for 2016 totalled EUR 251.8 thousand or 29 percent more than in 2015.
The company’s equity totalled EUR 2.1 million as at 31 December 2016.