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ECONOMIC CONTRIBUTION
Our business operations contribute to the economic
stability of the country and aid its economic growth and
development. We are keenly aware of the importance our
operations play in the country's revenue drive and aim to
maximize profit through prudent management of our
resources.
The year under review remains one of the most challenging
till date not just in terms of our profit margins but even in
terms of global demand for our product and this realization
forced us to rework our budget as we grappled with a steep
decline in the demand for crude oil and a global push
towards cleaner sources of fossil fuel.
For the year under review, we
Our business model to be a leading integrated energy generated over $50m in profit with
company enables us to generate revenue not only from one
an EBITDA of $17m and $10million
part of the value chain but from the entire segment. This in
paid in taxes to the Government to
turn translates to a more wholistic growth of our business,
increase in revenue for our company, shareholder value and sustain public services and build
enhanced productivity for the country through the payment
infrastructure.
of taxes and job creation. Our shareholder value was
reinvested for future growth.
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