Stable JANAF operations in Q1 2022

28.04.2022. 11:35

Zagreb – Today, on 28 April 2022, JANAF Plc. has published its Unaudited Consolidated and Unconsolidated Financial Statements for the period from 1 January to 31 March 2022, which demonstrate the continuing stability of its operations.

In Q1 of 2022, the Company generated HRK 194.3 million in total revenues, which is 13.9% more than was projected. In the period considered, the Company has generated a gross profit of almost HRK 83 million and a net profit of HRK 68 million. Revenues from the Company’s core business – crude oil transport and storage of crude oil and petroleum products – amounted to HRK 191.4 million, which is 13.7% more than projected. In Q1 of 2022, JANAF Plc. has recorded a growth in its operations with foreign customers, as demonstrated by revenues from sales abroad, which account for almost 66% of its operating revenues and are 4.7% higher than in the previous year. In the domestic market, the Company has generated almost HRK 64 million in revenues from its core business. The Company’s financial indicators also show above-average values over the past business period. The Company continued to invest its own funds in storage capacities, pipelines, facilities and other infrastructure, supervisory and control systems, as well as in the digitalization of business processes.

JANAF's performance in the first quarter of this year once again reflects the successful strategic outlook of the Management Board, whose timely measures have ensured the Company's stability on the market. As one of the strategic backbones of the Croatian energy sector and a key player in the wider regional environment, JANAF is already laying the ground for another successful business year. Thanks to the trust placed in us by our partners and clients, and the stable and undisputed reputation enjoyed among global market companies, we are confident that until the end of this year we will continue to create new value for our owners and the wider social community in which we operate,” said JANAF’s Management Board.