JANAF breaks record – 2015 financial results best ever since Company’s establishment

02.02.2016. 13:15

Zagreb – JANAF Plc., as the Company listed on the Zagreb Stock Exchange, announced today, on 2 February 2016, the unaudited and unconsolidated financial statements for the period from 1 January until 31 December 2015.

In the stated period JANAF Plc. achieved the best business results since its establishment, with the total revenue of HRK 726,7 mil., which is up by 48% compared to the same period of the last year.

The gross profit amounts to HRK 255,1 mil., which is for 116% higher than the profit realized in the same period of the last year, while the net profit amounts to HRK 203,4 mil., thus making a 103% increase compared to the same period of the last year.

The revenues obtained from the Company’s core business – crude oil transport and storage of crude oil and petroleum products, amount to HRK 657,4 mil. and are up by 47,5% compared to those realized in the previous year, being at the same time for 28,3% higher than the planned figures.

The revenues obtained from crude oil transport, amounting to HRK 398,9 mil., account for 60,7% of the revenues realized from the Company core business, of which 87,8% relates to the foreign market. The stated revenues were increased by 31,9% with respect to the previous year and by 30,3% compared to the plan.

The revenues obtained from crude oil storage, amounting to HRK 176,7 mil., account for 26,9% of the revenues obtained from the core business. These revenues are for 89,7% higher than those of the last year and for 37% higher than the planned ones due to crude oil storage for new foreign clients.

The revenues from petroleum products storage, in the amount of HRK 81,7 mil., account for 12,4% of the revenues obtained from the Company’s core business. The realized revenues are for 63,4% higher than those of the last year due to use of new storage capacities and for 5,7% higher than the planned ones.

Of the total business revenues realized in 2015, 63,4% is realized from doing business with foreign clients.

The total investments in the five-year period amounted to HRK 1,04 billion and a major part of the planned investments from the stated period has already been completed. The ongoing investments as of 31 December 2015 amount to HRK 338,6 mil.

By the end of 2015, JANAF concluded new contracts on crude oil transport and storage of crude oil and petroleum products for the year 2016, whose total value amounts to approx. a half billion kunas (approx. HRK 500 million), which undoubtedly indicates the continuation of business activities growth.