Petrol d.o.o. Beograd
The main activity of the company is the sale of petroleum products and other merchandise in Serbia.
Activities of the company
In 2020 Petrol Beograd d.o.o. became the sole owner of Petrol LUMENNIS PB d.o.o. Beograd and Petrol LUMENNIS VS d.o.o. Beograd, which are engaged in public lighting projects in the towns of Priboj and Vrbas, Serbia. The Petrol d.o.o company's principal activity is selling petroleum products, merchandise and services in Serbia. The volume of petroleum products and LPG sold in 2020 totalled 86.9 thousand tons, which was on a par with the previous year. In 2020 Petrol d.o.o. Beograd generated EUR 44.6 million in sales revenue, down 27 percent from 2019. This was largely due to lower prices and lower sales of petroleum products as a result of movement restrictions imposed by countries to curb the pandemic and of the decline in economic activity caused by the pandemic (for more information on the impact of the pandemic, see chapter Analysis of business performance and impact of the pandemic on the Petrol Group's operations in 2020). The group generated EUR 40.6 million of sales revenue from the sale of petroleum products and LPG and EUR 4.0 million from the sale of merchandise. Its operating profit stood at EUR 2.8 million in 2020, an increase of EUR 1.2 million from the previous year. The company's net profit for 2020 totalled EUR 2.2 million, a year-on-year increase of EUR 772.9 thousand. Petrol d.o.o. Beograd operated 15 service stations at the end of 2019.
The company's equity totalled EUR 29.1 million as at 31 December 2020.