Petrol LPG d.o.o. Beograd
Activities of the company
Petrol LPG d.o.o. was established in February 2013 and is the sole owner of Tigar Petrol d.o.o. The companies sell liquefied petroleum gas in Serbia. In July 2016, Petrol LPG HIB d.o.o. was established, which is also fully owned by Petrol LPG d.o.o. The company sells liquefied petroleum gas in Bosnia and Herzegovina. In 2020 the Petrol LPG Group sold 78.1 thousand tons of liquefied petroleum gas, down 19 percent on the previous year. In 2020 it generated EUR 36.2 million in sales revenue, a year-on-year decrease of 26 percent. 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). Operating profit totalled EUR 1.8 million in 2020, which was 18 percent less than in 2019. Net profit for 2020 totalled EUR 1.6 million, down 17 percent on the previous year.
The group's equity totalled EUR 10.9 million as at 31 December 2020.