JANAF’s profit up by 6% – realised in the amount of HRK 295 million

30.10.2019. 15:42

Zagreb – JANAF Plc., as a Company listed on the Zagreb Stock Exchange, announced today, on 30 October 2019, the unaudited consolidated and unconsolidated financial statements for the period from 1 January until 30 September 2019.

In the first nine months of 2019, JANAF continued its business operation with an uprising trend, and its total revenues amounted to HRK 557,9 mil., which represents an increase of almost 4%. In the stated period the gross profit was achieved in the amount of HRK 294,9 mil. and the net profit in the amount of HRK 241,8 mil., which is for 6% higher compared to the same period of the previous year.

Almost 67% of JANAF’s core business revenues were realised through business operations with foreign clients. Thus, the company continues to confirm its export orientation and openness towards the foreign markets.

The Company’s financial indicators show the above-average values – EBITDA margin 73,22%, cost-effectiveness ratio 1,89 and debt ratio 0.

Furthermore, in the stated period, JANAF initiated a new investment cycle by commencing with the construction of two new storage tanks for crude oil of 80.000 m³ capacity at the Sisak Terminal. In the first nine months of this year, the investments reached almost HRK 250 mil.

“A continued upward trend in the profit is an indicator of responsible business and a formula for the continued realisation of business performance through investments, export, reduction of expenses and investments into the employees. Owing to such management, JANAF has become an indispensable energy factor beyond the borders of the European Union and this part of Europe. Proof of this is the recent admission of JANAF as a member of the most influential International Association of Oil Transporters (IAOT)”, pointed out Dragan Kovačević, DSc., Chairman of the JANAF Management Board.