Engen profits grow despite weak commodity prices

Engen posted good results last year
Engen posted good results last year

etroleum company, Engen Botswana has reported a 14% increase in profit despite subdued global economic conditions and weak commodity prices.

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.

Editor's Comment
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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