Edwin Provencal, Managing Director of BOST

The Managing Director of the Bulk Oil Storage and Transport (BOST) Company Limited, Edwin Alfred Provencal, has celebrated the positive work attitude of his staff for aiding him to revamp the company from being a distressed entity to a profit making company.

Mr Provencal was appointed Managing Director of BOST in 2019 at the time when the company was debt ridden with a lot of its assets nonfunctional.

Last year, the company posted a profit before tax of Gh¢161 million.

In 2020, it recorded a profit after tax of Gh¢2 million.

Speaking on an Accra- based Peace FM, Mr Edwin Provencal, said the workers have worked so hard to rescue the company from debt.

“I salute them big time!” he lauded the staff.

Mr. Provencal admitted that, “Yes, we’ve gone through challenges but guess what? They were towards a very good thing because since I assumed office, I haven’t brought any new people. The same people who we had lost hope in, today, I salute them.

“I salute them very well for picking a company that was making a loss of GHC456 million from a company that was known as a contaminated company. Fast-forward to today; those same people has chalked a profit of GHC 160 million and today, banks are rushing to BOST to do business with BOST,” he explained.

Mr Provencal assured Ghanaians of a great performance from BOST in the coming years.

 

 

Source: https://energynewsafrica.com

 

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