JANAF achieved record-high performance also in 2016 – profit up by 24,5%

08.02.2017. 15:58
Zagreb – JANAF Plc., as a company listed on the Zagreb Stock Exchange, on 7 February 2017, announced the unaudited, consolidated and unconsolidated financial statements for the period from 1 January until 31 December 2016. In 2016, JANAF Plc. continued with an outstanding performance by achieving the gross profit in the amount of HRK 338,2 mil., which is for 15,7% higher compared to the previous year and the net profit in the amount of HRK 290,5 mil., which is for 24,5% higher compared to the year 2015. The revenues, realised in the last year, amounted to HRK 752,7 mil. and are up by 1% compared to those realised in the year before, while the revenues obtained from the core business show an 8% growth compared to those realised in the previous year. Of the total business revenues realised in the year 2016, 66,3% is realised from doing business with foreign clients, as a result of an 11,9% increase in exports compared to the last year. The Company’s financial indicators show the above average values – debt ratio 0, cost-effectiveness ratio 1,77, EBITDA margin 74,09%. The total investments in the investment cycle exceed one billion kunas and the most of the planned investments from the stated period have been completed. The ongoing investments, as of 31 December 2016, amount to HRK 364,1mil. By the end of 2016 and at the beginning of this year, JANAF has continued with the intensive business activities and concluded new business contracts with NIS-Gazpromneft, VITOL, Unipetrol and Crodux Derivati Dva. JANAF informed the Zagreb Stock Exchange that two new contracts were signed with Glencore from Baar (Switzerland) and MOL Group. The value of these new contracts amounts to almost HRK 267 million. It should be especially pointed out that these businesses under new contracts include, among others, new capacities, as result of JANAF’s investment activities over the past two years. The businesses under the new contracts indicate the continuation of increasing the business activities and announce good business indicators for 2017.