JANAF achieved profit of HRK 371 million – increase by 4,5%

28.02.2019. 17:46

Zagreb – JANAF Plc., as a company listed on the Zagreb Stock Exchange, announced today, on 28 February 2019, the unaudited consolidated and unconsolidated financial statements for the period from 1 January until 31 December 2018.

In 2018, JANAF Plc. kept the continuity of good business results and achieved the gross profit in the amount of HRK 370,6 mil., which represents an increase of 4,5% compared to the previous year, and the net profit in the amount of HRK 303,7 mil., which is also for 4,5% higher than the profit realized in the same period of the last year. The total revenues realized in the stated period amounted to HRK 781,8 mil., while the total expenses were decreased by 3,5% in comparison to the previous year, amounting to HRK 411,2 mil. 

JANAF Plc. realized almost 68% of its revenues by doing business with foreign clients. Thus, through achieving such results, the company confirms its export orientation and openness towards the foreign markets.
The Company’s financial indicators show the above average values – EBITDA margin 67,20%, cost-effectiveness ratio 1,77 and debt ratio 0.

During 2018, JANAF Plc. continued with an intensive investment cycle by investing HRK 457,4 mil. of its own funds. The investments mostly related to the construction of new tanks for crude oil storage and blending.

“Openness towards new markets and the export respectively, investments into new storage capacities and the pipeline infrastructure, which contributes to the creation of new values, and reduction of costs, have resulted in achieving good business performance over several years. Such approach of managing the company makes JANAF stronger, turning it into a respectable economic entity in Croatia and an indispensable energy factor in the European Union and in this part of Europe”,
pointed out Dragan Kovačević, DSc., Chairman of the JANAF Management Board.