JANAF’s good performance continues in first half of 2014

28.07.2014. 09:28

Zagreb - JANAF Plc., joint stock company, listed on the Zagreb Stock Exchange, announced on 28 July 2014, the unaudited and unconsolidated financial statements for the period from 1 January until 30 June 2014.

In the stated period, JANAF Plc. realized the gross profit in the amount of HRK 52,1 mil. and the net profit in the amount of HRK 41,7 mil., which are for 3,4% higher than the profits realized in the same period last year. The total revenues amount to HRK 227,4 mil., thus being at the level of those realized in the year before.

The revenues obtained from crude oil transport and storage of crude oil and oil products amount to HRK 217,7 mil. and are up by 2,7% compared to those realized in the previous year and up by 7,6% compared to the planned values.

The revenues obtained from crude oil transport, in the amount of HRK 149,9 mil., account for 68,8% of the revenues realized from the company core business operation, of which 83,6% was realized on the foreign market. The stated revenues were increased by 5,3% with respect to the previous year.

The revenues from crude oil storage, in the amount of HRK 47,3 mil., account for 21,7% of the core business revenues. The revenues from oil products storage, in the amount of HRK 20,5 mil., account for 9,4% of the revenues from the Company’s core business.

The first half of 2014 saw the completion of the major investment projects at the Omišalj and Žitnjak Terminals, totalling HRK 642 million. By realization of the stated projects, JANAF’s major investment cycle has been completed, whose total value amounts to one billion kunas.