Ghana’s leading indigenous Oil Marketing Company, GOIL Company Limited, registered a profit after tax of Gh¢98.74 million (US$12,194,390) , up by nine per cent compared to Gh¢90 million it made in 2020

The company’s earnings per share also increased from Gh¢0.23 to Gh¢0.253.

GOIL’s total assets also increased from 2.1 billion cedis to approximately 2.5 billion cedis.

The company announced a final dividend of GH¢0.047 per share, amounting to Gh¢17,634,000.

Despite the challenging nature of the year 2021, the company’s volume of sales of fuel was approximately 886.6 million litres, about 11 per cent above that of the previous year.

The Board Chairman of GOIL PLC, Reginald Daniel Laryea, in a speech delivered at the 53rd Annual General Meeting in Accra on Wednesday, which went virtual and in-person, noted that in the year under review, the company added fourteen retail stations to its nationwide network.

He continued that as part of efforts to deliver quality fuel to consumers, the company procured a second test van to test and monitor products at the company’s retail outlets.

According to him, the company also supported a number of institutions.

 

Source: https://energynewsafrica.com

 

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