Zagreb – JANAF Plc., as a company listed on the Zagreb Stock Exchange, on 28 July 2017, announced the unaudited consolidated and unconsolidated financial statements for the period from 1 January until 30 June 2017.
The first half of 2017 is marked by the further growth of JANAF’s business activities, which resulted in achieving the gross profit in the amount of HRK 175 mil. and the net profit in the amount of HRK 143 mil.
Moreover, there is a further continuance of the trend of obtaining the revenues from doing business with clients on the foreign markets, showing the realisation of almost 70% of the revenues from the core business.
During the stated period, JANAF has intensified its business activities by concluding, by the end of the last year and at the beginning of this year, new contracts with NIS-Gazpromneft, VITOL S.A. from Geneva, Unipetrol RPA from Prague, Crodux, Glencore from Baar (Switzerland), MOL, Petraco from Geneva and INA. Furthermore, new contracts are signed for providing the additional service of blending different crude oil grades, which is a new service that JANAF offers to its business partners, thus making new revenues for JANAF.
It should be pointed out that these businesses under new contracts include, among others, new capacities, as results of JANAF’s intensive investment activities made over the past few years. During 2017, an investment cycle has continued, exceeding one billion and a half kunas in the past five years.
In the first half of 2017, the Company’s financial indicators show the above average values – liquidity ratio 9,1, debt ratio 0, cost-effectiveness ratio 1,89, net profit margin 38,69%, EBITDA margin 76,05%.
“The economic and financial indicators reflect timely undertaking of investment activities as well as opening up towards foreign markets and heading towards the exports”, emphasised DSc. Dragan Kovačević, Chairman of the JANAF Management Board.