Engen profits grow despite weak commodity prices
Wednesday, April 05, 2017
Engen posted good results last year
The group recorded P269.6 million in the year 2016, an increase from P263.5 million from the previous year.
Commenting on the results, Engen Botswana managing director, Chimweta Monga said the increase in profit was due to the implementation of a much more efficient supply chain with a lower cost to serve and good margin management.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...