February 26 (SeeNews) - Croatian oil pipeline operator Jadranski Naftovod [ZSE:JNAF-R-A] said on Monday its non-consolidated net profit edged up 0.09% last year, reaching 290.7 million kuna ($48.1 million/39.1 million euro).
Total revenue rose 3.7% to 780.8 million kuna, while total costs increased to 426.1 million kuna from 414.5 million kuna in 2016, Janaf said in a filing with the Zagreb bourse.
Revenues from Janaf's core business - transportation and storage of oil and oil products, totalled 696.1 million kuna, up 3.1% compared to plan.
Foreign sales revenue decreased 2.6% on the year to 474.4 million kuna and made up 68.1% of the company's 2017 core business revenue.
Janaf has terminals on the island of Krk, as well as in Sisak, Virje, Slavonski Brod and Zitnjak and operates 622 kilometres of pipelines. It has a total of 1.54 million cu m of storage capacity for oil and 202,000 cu m of capacity for the storage of oil products.
(1 euro=7.44332 Croatian kuna)