Empowering the Youth: Kekeli University Set To Offers Free Training in Graphic Design, Video Editing, Blogging, and Content Creation to (2) Million Senior High School Students

GOIL PLC Reports Strong Financial Performance Despite Economic Challenges in 2024

                                                                                       post views: 18

 Story by,  Paul Mensah Nsor 

Accra, Ghana - GOIL PLC demonstrated remarkable resilience in 2024, reporting a 54.82% increase in consolidated profit to GH¢84.7 million, despite challenging global and domestic economic conditions. 

During the company's 56th Annual General Meeting in Accra, Board Chairman Nana Philip Archer highlighted key achievements, including a 20.1% expansion of consolidated assets to GH¢4.8 billion and a significant 54.3% rise in earnings per share.

The company made strategic advances across multiple fronts, including:

- Inaugurating a new Bitumen Plant in Tema

- Transforming service stations into comprehensive retail hubs

- Expanding corporate social responsibility initiatives

- Constructing seven mechanized boreholes benefiting over 100,000 residents

Looking ahead to 2025, GOIL plans to expand LPG bottling plants in Tema and Kumasi, with a combined capacity of 1,200 metric tons, and aims to penetrate aviation, mining, and auto gas market segments.

The company maintains a proposed dividend of GH¢0.056 per share, balancing shareholder returns with long-term financial stability.

Previous Post Next Post

Contact Form