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Whole Petroleum Ghana satisfies shareholders at 43rd AGM


Total Petroleum Ghana Constrained a locally stated oil marketing and advertising organization held its Yearly Normal Conference (AGM) on Wednesday in Accra.

Reviewing the efficiency for 2018, the Board Chairman of Complete Petroleum Ghana, Samba Salfal Seye, stated that the Firm recorded a 32.6% advancement in web profit when compared to the former calendar year.

The consolidated income following tax for 2018 amounted to GH¢ 43.27 million when compared to GH¢32.63 million in 2017, although the Company’s gain soon after tax amounted to GH¢ 50.36 million in comparison to GH¢ 36.20 million in 2017. The standard earnings per share amplified from GH¢ .3235 in 2017 to GH¢ .4502 in 2018.

On dividends, a last dividend of GH¢ .0768 for each share was accredited by shareholders for payment to shareholders registered in the Sign-up of Members of the Enterprise at the shut of organization on Friday, 14th June 2019, subject matter to withholding tax the place relevant (an interim dividend of GH¢0.0631 per share owning been beforehand compensated to shareholders in December, 2018 on advice of the Board).

The Running Director Eric Fanchini said that the Corporation remained steadfast by ongoing financial investment, in line with the method to produce its main activities and to tap enterprise options for sustained future expansion. 

Vital investments in 2018 provided the construction of new stations and the revamping of existing stations countrywide. He more pointed out that some of the Company’s stations are now photo voltaic powered.

Mr Fanchini even more said that the Outlook for 2019 remained good in spite of some problems in the operating atmosphere, and this was a outcome of the motion strategies set in position by the Administration. 

The Enterprise, he stated, would remain purchaser-targeted and would carry on to create economical new energies in purchase to add to community progress and environmental sustainability. Health, Basic safety and High quality will continue to stay a precedence for the Firm to assure the Corporation delivers higher high-quality of goods and providers to prospects.

On Board issues, the shareholders accepted the re-election of Gerard Pruneau, Stanislas Mittelman and Kofi Ampim as Administrators although  Laurette Korkor Otchere and Alain Vedier have been elected as new Administrators of the Firm.

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