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OIL PIPELINE INCREASES REVENUE BY 31 PERCENT, CUTS LOSSES

ZAGREB, July 29 (Hina) - The main assembly of the JANAF oil pipeline on Monday adopted financial results on the company's business in 2001, as well as an auditor's report.
ZAGREB, July 29 (Hina) - The main assembly of the JANAF oil pipeline on Monday adopted financial results on the company's business in 2001, as well as an auditor's report. #L# JANAF transported 5.9 million tonnes of oil in 2001, which is an increase of 24 percent as against the year before. Last year's revenue totalled 326 million kuna (EUR44.1 million), a 31 percent growth as against 2000, while expenditure dropped by five percent, to 360.8 million kuna (EUR48.8 million). JANAF's loss in 2001 was cut from 130 million kuna in 2000 to 34.8 million (EUR4.7 million). It will be covered from the company's reserves and current operations. (hina) ha

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