GOIL PLC boosts profit by 26% and declares higher dividend

GOIL PLC boosts profit by 26 and declares higher dividend

GOIL PLC, a leading oil marketing company in Ghana, increased its profit by 26% in 2022, reaching GH¢123.89 million.

This was higher than the GH¢98.38 million recorded in 2021. The company also announced a final dividend of ¢0.056 per share for its shareholders for the 2022 financial year, which was 19% more than the previous year.

The company’s market share rose from 15.32% in 2021 to 20.11% in 2022. At the 54th Annual General Meeting, the Board Chairman, Reginald Daniel Laryea, said that the company will continue to improve its operations and systems to deliver quality products and services.

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He also reaffirmed the company’s commitment to provide value to its stakeholders and maintain its leadership position in the oil marketing industry.

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