Croatia, JANAF recorded a net profit in the amount of 35 million euros in 2021

, SEE Energy News

Croatian oil transportation company JANAF recorded a net profit in the amount of 35 million euros in 2021, which is a 7.5 % decrease compared to the previous year.

The company’s revenues from its core business – transportation of oil and warehousing of oil and oil derivatives, reached 100.7 million euros in 2021, which is a 0.6 % increase year-on-year and 8.5 % more than planned for 2021. Total revenues amounted to 104.9 million euros in 2021, 0.5 % more than in 2020 year and 11.4 % more than expected in 2021. This is the highest annual revenues ever recorded in the company’s history.

More than 63 % of the company’s revenues or 63.6 million euros originated from contracts with foreign clients, again confirming JANAF’s export orientation.

JANAF operates 631 kilometers of oil pipeline in Croatia and owns several oil terminals, with total storage capacity of 1.94 million cubic meters of oil and 220,000 cubic meters of petroleum products.