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
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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