Janaf achieved a net profit of 183.4 million kuna in the first nine months, which is an increase of 33 percent compared to the same period last year, the company reported on Friday. Profit before tax amounted to 229.2 million kuna and is also higher by 33 percent.
– In the first nine months, Janaf continued to achieve record business results with a 9.2 percent increase in total revenue compared to the same period last year and a 3.9 percent decrease in total expenses, the statement said.
Total revenues of the company in the first nine months amounted to 534.3 million kuna, while total expenses were 305.1 million kuna.
Of the total revenue generated from core activities, 69.8 percent was generated from business with foreign customers. – All of this is the result of a 20 percent increase in exports compared to the same period last year, the company emphasizes.
They also state that Janaf’s “development cycle with investments of around one billion kuna is focused on the development of storage capacities, facilities to improve operational efficiency at terminals, environmental and safety facilities, and energy efficiency.”
Currently, as they point out, the construction of two new crude oil storage tanks at the OmiĊĦalj Terminal is underway, as well as the completion of the underwater oil pipeline project, which is part of the EU joint interest project “Janaf Adria Pipelines,” aimed at increasing the security of transport and supply of oil to consumers.
