Croatian state-owned oil transportation company JANAF recorded the most successful financial result in its history in 2022. According to the company, this is a result of a proactive approach by the management towards business partners, which led to high utilization of storage and transport capacities and ensured stable operations and cash flow.
JANAF’s revenues in 2022 amounted to 119 million euros, which is 13 % more than in the previous year and 28.9 % more than planned for this year, while its net profit amounted to 41 million euros, a 15.1 % increase year-on-year and 92.8 % more than planned. The company’s expenditures rose by 11.2 % to 69 million euros.
In 2022, revenues from the core business, transportation and storage of oil and oil products, amounted to 115 million euros, which is 13.3 % more than in 2021. Around 68 % of the revenues was achieved from foreign customers.
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.
