JANAF’s successful business performance continues in 2014

15.02.2015. 09:17

Zagreb – JANAF Plc., joint stock company listed on the Zagreb Stock Exchange, announced today, on 13 February 2015, the unaudited and unconsolidated financial statements for the period from 1 January until 31 December 2014 (quarterly financial statements for fourth quarter 2014 included).

In the stated period, JANAF Plc. realized the gross profit in the amount of HRK 118,1 mil. The declared net profit, in the amount of HRK 114,4 mil., was raised for 18,6% compared to the previous year.

The total revenues amounting to HRK 489,8 mil. show a 2,9% increase in comparison with those realized in the previous year and a 9,5% increase in comparison with the plan.

Almost 60% of the revenues obtained from the core business (crude oil transport and storage of crude oil and petroleum products) was realized on the foreign market.

The year 2014 saw the completion of major investment projects on the Omišalj and Žitnjak Terminals, in the total value of HRK 642 million. The realization of the stated projects marks the completion of JANAF’s huge investment cycle, worth one billion kunas in total.

In this year 2015, JANAF further continues with investment projects related to construction of the Krk island-mainland subsea oil pipeline and upgrade of the Omišalj Terminal, that will open up new opportunities for JANAF’s further development and successful business performance, together with increasing storage of crude oil and petroleum products, as well as realization of the project of the Adriatic Centre for crude oil and petroleum products storage at Omišalj.