JANAF: Stable business results continue in 2024

30.04.2024. 10:37

Zagreb – JANAF's business remains stable, as confirmed by the quarterly financial statements for the 01/01/2024 – 30/04/2024 period, published on 30 April 2024.

In the first three months of 2024, JANAF's total revenue amounted to almost 34 million euros – a gross profit of 15,7 million and a net profit of almost 13 million euros. During the observed period, 20 million EUR was made from oil transport, 7,2 million EUR from oil storage and 3,8 million EUR from petroleum product storage. Financial indicators still show above-average values and investments to the amount of almost 4,5 million euros were made in the observed period, mostly concerning the pipeline and storage system and other segments of infrastructure.

''The first quarter of the year has been marked by business and financial stability, despite the constant challenges faced by the energy sector amid global geopolitical events. Owing to its stable cash flow and steady income, JANAF is ready to self-finance the expansion of its storage capacities at Omišalj Terminal and the diversification of business activities towards renewable energy sources. We expect to announce two new acquisitions in this area in the coming period. At the same time, we are currently considering alterations to the Company's founding documents, which would allow for an expansion outside the energy sector and which will potentially be implemented within the framework of the Company's business diversification'', as stated by the Management.