Oil pipeline operator JANAF generated a net profit of HRK 76.4 million in the first quarter of 2021, or 3.8% more compared to the same period last year, the company says in its latest financial statement released on Wednesday.

Total revenue in the first three months of this year amounted to HRK 198.4 million, an increase of 9.8% year on year.

At the same time expenditure increased at a faster rate of 15.6% to HRK 105.3 million.

Gross profit amounted to HRK 93.1 million or 3.8% more y-o-y.

Revenue from the core business amounted to HRK 195.1 million or 11% more y-o-y.

Foreign trade in Q1 this year amounted to HRK 121.8 million which is an annual increase of 8.2%.

A strong increase of 16% in business on the domestic market was recorded in Q1, amounting to HRK 73.4 million, the company reported.

(€1 = HRK 7.5)