The Bulk Oil Storage Company (BOST) has recorded a profit of GH¢208 million for 2023.
This represents a significant improvement in its equity position in 2021, where it recorded a negative position of GH¢248 million to a positive position of GH¢277 million in 2023.
The profit accrued in 2023 is against GH342 million recorded in 2022 and GH160 million in 2021, making a cumulative profit of GH¢710 million over the past three years.
The Board Chairman of BOST, Ekow Hackman made this known in Accra on Friday during BOST’s Annual General Meeting (AGM).
“The overall financial performance of BOST continuous to see remarkable improvements as a result of prudent management. The company’s equity position strengthens from a negative position of GH¢248million in 2021 to a positive GH¢277 in 2023. That is providing a solid foundation for future growth. A profit of GH¢208 million was recorded in 2023. ”
“This compares to GH¢342 million in 2022 and a GH¢160 million in 2021 accumulative profit of GH¢710 million over the past three years,” he stated.