Croatian Oil Pipeline Operator Janaf 9-mo Net Profit Rises 12.3%

Total revenue in the first nine months of the year rose to 261.7 million kuna from 253.1 million kuna a year earlier, which is 21% above plan, the company said in a statement to the Zagreb Stock Exchange.

Total costs for the January-September period reached 220.5 million kuna, up 1.9% year-on-year and 2.2% more than planned, Janaf added.

The company’s shares were traded at 2,048 kuna on the Zagreb bourse by 0949 GMT on Wednesday, up form Tuesday’s close of 1,822 kuna.

(1 euro= 7.1776 Croatian kuna)