JANAF’s excellent performance continues – profit amounting to HRK 355 million in 2017

26.02.2018. 18:14
Zagreb – JANAF Plc., as a company listed on the Zagreb Stock Exchange, announced on 26 February 2018, unaudited, consolidated and unconsolidated financial statements for the period 1 January – 31 December 2017. During 2017, JANAF Plc. continued with excellent business performance, achieving the gross profit in the amount of HRK 355 mil., which is for 4,9% higher compared to the previous year and the net profit in the amount of HRK 290,7 mil. The realised revenues amount to HRK 780,8 mil. and are up by 3,7% compared to those realised in the year before. Of the total operating revenues in 2017, 62,8% is realised from doing business with foreign clients. The Company’s financial indicators show the above average values – EBITDA margin 69,34%, and cost-effectiveness ratio 1,79. In 2017, JANAF continued with the investment cycle amounting to over one billion HRK and a substantial part of the planned investments from the stated period was completed. New ongoing investments amount to more than HRK 650 mil. JANAF continued with intensive business activities towards foreign clients and concluded new business contracts with NIS-Gazpromneft, MOL, Unipetrol and Glencore. It should be especially pointed out that these businesses include, among others, new capacities of the Omišalj Terminal, as result of JANAF’s investment activities over the past two years. “The economic and financial indicators reflect the timely undertaken investment activities and opening up towards foreign markets and export directions, and the businesses under the new contracts show the continuation of growth of business activities, announcing good business indicators for 2018”, emphasised dr.sc. Dragan Kovačević, Chairman of the JANAF Management Board.