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Croatia's Janaf Q1 net profit up 15.7% y/y

Author Annie Tsoneva
Croatia's Janaf Q1 net profit up 15.7% y/y Photo: Croatia's Janaf

ZAGREB (Croatia), July 28 (SeeNews) - Croatian oil pipeline operator Janaf [ZSE:JNAF] said on Thursday its net profit rose 15.7% year-on-year in the first half of 2022, to 156.3 million kuna ($21.1 million/ 20.8 million euro).

Total revenue came in at 416.4 million kuna in the first half, up 10.2% on the year and 21.1% above plan, Janaf said in a filing to the Zagreb bourse.

Revenue from core business, transportation and storage of oil and oil derivatives amounted to 408.3 million kuna in the first six months of 2022, up 10% on the year.

Overall costs were 5.9% higher on the year at 225.7 million kuna, due to increased amortisation costs.

Janaf's shares traded flat at 5,800 kuna on Thursday on the Zagreb bourse.

(1 euro = 7.520 kuna)