JANAF achieved record profit in first nine months 2015 – profit up by almost 109%

28.10.2015. 10:00

Zagreb – JANAF Plc. announced today, on 28 October 2015, the unaudited and unconsolidated financial statements for the period from 1 January until 30 September 2015.

In the first nine months of 2015, JANAF achieved record business results, with the total revenue of HRK 489,4 mil. (44,2% increase), the gross profit in the amount of HRK 171,8 mil. and the net profit in the amount of HRK 137,5 mil., which is for 108,7% higher than the profits realized in the same period of the last year, with 63,9% of the business revenues being realized from the export.

The revenues obtained from the Company’s core business – crude oil transport and storage of crude oil and petroleum products, amount to HRK 470,3 mil. and are up by 46,0% compared to those realized in the previous year.

The revenues obtained from crude oil transport, amounting to HRK 280,4 mil., account for 59,6% of the revenues realized from the Company core business, of which 86,1% relates to the foreign market.

The total revenues obtained from storage of crude oil and petroleum products, amounting to HRK 190,0 mil. in the current year, account for 40,4% of the revenues obtained from the Company core business. The revenues realized from crude oil storage are for 81,6% higher than those of the last year, while the revenues realized from petroleum products storage are for 94,7% higher than those of the last year.

In the first nine months of 2015, the investments are contracted in the amount of HRK 351,7 mil.

In 2015, the investments are continued to be made into the technical protection systems at all terminals, as well as into the petroleum products facilities at the Omišalj Terminal. The works on the subsea pipeline linking the Krk island and mainland are under way, whose total value amounts to HRK 90 million.