Slovene Oil Company Exceeds Expectations

Ljubljana, 5 July - Shareholders of Petrol, the leading Slovene petrol retailer, on Thursday decided to allocate SIT 956 million (EUR 4.4 million) of last year's profits to reserves, while the remaining SIT 1.9 billion (EUR 8.7 million) are to remain undistributed. The annual general meeting of shareholders, representing almost 53 percent of the capital, also backed a proposal by which SIT 1.2 billion (EUR 5.5 million) of the 1998 profits are to be allocated for dividends.

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