Zagreb – Chairman of the Management Board of JANAF Plc., DSc. Dragan Kovačević held today, 31 July 2015, with his associates the press conference in Zagreb. At the press conference the Chairman of the Board, DSc. Dragan Kovačević gave an outline of JANAF’s business performance, with special reference to its 2015 first half financial results. On 30 July 2015, JANAF announced the unaudited and unconsolidated financial statements for the period from 1 January until 30 June 2015.
In the first half of 2015, JANAF achieved the best business results since its establishment, with the total revenue of HRK 313,7 mil. (38,0% increase), the gross profit in the amount of HRK 108,0 mil. and the net profit in the amount of HRK 86,4 mil., which is for 107,1% higher than the profits realized in the same period of the last year, with 63,4% of the business revenues being realized from the export.
The revenues obtained from the Company’s core business – crude oil transport and storage of crude oil and petroleum products, amount to HRK 298,8 mil. and are up by 37,2% compared to those realized in the previous year.
The revenues obtained from crude oil transport, amounting to HRK 179,8 mil., account for 60,2% of the revenues realized from the Company core business, of which 87,8% relates to the foreign market. The crude oil transport revenues were increased by 19,9% with respect to the previous year owing to the increase in revenues obtained on the foreign market.
The total revenues obtained from storage of crude oil and petroleum products, amounting to HRK 119,0 mil. in the current year, account for 39,8% of the Company core business revenues.
The revenues obtained from crude oil storage, amounting to HRK 78,9 mil., account for 26,4% of the core business revenues. These revenues are for 66,7% higher than those of the last year due to crude oil storage for new foreign clients.
The revenues from petroleum products storage, in the amount of HRK 40,2 mil., account for 13,4% of the revenues obtained from the Company’s core business. The realized revenues are for 95,7% higher than those of the last year due to use of new storage capacities.
As concerns investments, in the first half of 2015, they amount to HRK 54,3 mil., with HRK 148,4 mil. of the value of the works and services contracted until 30 June 2015.
Significant investments of around HRK 1 billion made in the period between 2012 and 2015 relate to storage tanks for storing crude oil and petroleum products, environment protection, safety and security of personnel and equipment, as well as technical and technological modernization and reconstruction of the transport and storage system.
“Successful business performance is the result of increased storage in newly built storage capacities intended for greater number of clients, then of market demand for storage, of greater throughput in transport, but also of investments made over years in the system modernization, environment protection, safety and security of personnel and equipment.
Thus, JANAF has strengthened not only its market position, but also its strategic significance in the security of crude oil supply of both refineries and countries of South-Eastern and Central Europe for which, since its company establishment until present days, JANAF has transported 203 mil. tons of crude oil. In 2015, JANAF further continues with investment projects 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”, pointed out DSc. Dragan Kovačević, Chairman of the Management Board of JANAF Plc.