JANAF’s half-year profit reached HRK 179 million

26.07.2019. 18:45

JANAF Plc., as a company listed on the Zagreb Stock Exchange, announced today, on 26 July 2019, the unaudited consolidated and unconsolidated financial statements for the period from 1 January until 30 June 2019.

In the first half of 2019, JANAF Plc. continued with good business performance and achieved the gross profit in the amount of HRK 178,6 mil., and the net profit in the amount of HRK 146,4 mil. The total revenues realised in the stated period amounted to HRK 358,3 mil., while the total expenses amounted to HRK 179,7 mil.

JANAF Plc. realised almost 70% of its revenues by doing business with foreign clients, which was influenced by the intensified activities in the crude oil storage and transportation. Thus, the Company further confirms its export orientation and openness towards the foreign markets.

The financial indicators of the Company show the above-average values – EBITDA margin 72,64%, cost-effectiveness ratio 1,88 and debt ratio 0.

“The continuance in achieving good business performance is an indicator of the company responsible management, with the aim of creating new values and more pronounced and adequate positioning of JANAF as indispensable energy factor in the European Union and this part of Europe”, pointed out Dragan Kovačević, DSc., Chairman of the JANAF Management Board.