Zagreb – JANAF Plc., company listed on the Zagreb Stock Exchange, announced today, on 27 April 2016, the unaudited consolidated and unconsolidated financial statements for the period from 1 January until 31 March 2016 (1st quarter).
In the stated period JANAF Plc. achieved exceptionally good business results with total revenues showing a 18,8% growth compared to the same period of the last year and with a 2,9% reduction in total expenses 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 are up by 23,9% compared to those realized in the previous year.
The revenues obtained from crude oil transport account for 60,6% of the revenues realized from the Company’s core business and are increased by 18,6% with respect to the previous year mostly due to new businesses on crude oil transport concluded with all foreign clients.
The revenues obtained from crude oil storage account for 27,9% of the revenues realized from the core business and are for 53,7% higher than those of the last year, as result of increased activities related to bringing new foreign clients and concluding new contracts for services of crude oil storage. The revenues obtained from petroleum products storage are at the level of the last-year ones and account for 11,5% of the revenues obtained from the Company’s core business.
Of the total business revenues realized in the first quarter 2016, 74,0% is realized from doing business with foreign clients.
The gross profit amounts to HRK 67,1 mil., while the net profit amounts to HRK 53,7 mil., thus showing a 85,4% profit increase compared to the same period of the last year.
The total investments made over a five-year period, with the year 2015 included, 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 at 31 March 2016 amount to HRK 380,1 mil.
JANAF Plc. concluded contracts on crude oil transport and storage of crude oil and petroleum products for the year 2016, whose total value amounts to approx. HRK 630 million, which certainly indicates the continuation of business activities growth, resulting also in good business performance.