Engen�s profits grow despite low oil prices
Friday, September 11, 2015
During the half-year period ended June 30, 2015, the Botswana Stock Exchange (BSE) listed petroleum firm recorded a 25 percent increase in gross profit to P148 million from P118 million in the same period last year.
Engen Botswana’s managing director, Chimweta Monga stated that the growth was mainly due to the increase in government-controlled industry margins in December 2014 and increased sales volumes.
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...