In the first six months of 2023, Croatian state-owned oil transportation company JANAF achieved total revenues of almost 74 million euros, which is a 33 % increase compared to the same period last year.
During this period, JANAF recorded a gross profit of nearly 39 million euros and a net profit of almost 32 million euros. The revenue growth primarily came from the company’s core activities: oil transportation, and oil and petroleum products storage, amounting to almost 72 million euros, which is a 32 % increase from the previous year. The business with foreign customers contributed 72 % of the revenue from core activities, reaffirming the company’s export-oriented approach.
President of the Management Board Stjepan Adanic said that the company is extremely pleased that the first half of 2023 has been another period of surpassing all previously recorded results. Member of the Management Board Vladislav Veselica said that the achieved financial results are largely the outcome of revenue growth from our core business activities, transportation and storage, with the business with foreign customers continuing to generate the highest share of revenue. JANAF will continue to invest in the oil pipeline and storage system, ensuring a secure energy supply to this part of Europe, as the trust and satisfaction of its partners are a guarantee of continued business growth. He also highlighting the signing of new contracts for transportation and storage with MOL Group, the Croatian Hydrocarbon Agency, Vitol, INA, and Litasco during the first six months of the year
ANAF recorded a gross profit of nearly 39 million euros and a net profit
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Tags: financial, JANAF, oil, oil transportation, Other