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Managing Director of Bulk Oil Storage and Transportation (BOST) Company Limited, Mr Edwin Alfred Provencal has disclosed that the company has turned around with the management making significant gains of about 30 million Cedis at the end of the year 2020.
Disclosing the management account to the media at the end-of-year media engagement, the Managing Director of BOST said that the last time the company made a profit was in 2012 but added that the company in 2020 has crossed the zero mark.
Mr Edwin Provencal noted that the asset utilization of BOST has increased to over 30 per cent in 2020 as compared to 2017 which was 17 per cent.
The Managing Director of Bulk Oil Storage and Transportation (BOST) Company, Mr Edwin Alfred Provencal at the end-of-year media engagement has outlined some concerns of BOST which inure to the benefit of every Ghanaian when they are addressed.
According to him, every Ghanaian stands to benefit from the operations of BOST when the company is retooled with adequate support from the right shareholders to make its work become very effective.
In an interview with Peacefmonline.com, Mr Edwin Provencal said that the price build-up has transportation cost and so when BOST works very well, the transportation will be efficient and bring lower cost and lower taxes to the consumer.
Managing Director of Bulk Oil Storage and Transportation (BOST) Company Limited, Mr Edwin Alfred Provencal has disclosed that the company has turned around with the management making significant gains of about 30 million Cedis at the end of the year 2020.
Disclosing the management account to the media at the end-of-year media engagement, the Managing Director of BOST said that the last time the company made a profit was in 2012 but added that the company in 2020 has crossed the zero mark.
Mr Edwin Provencal noted that the asset utilization of BOST has increased to over 30 per cent in 2020 as compared to 2017 which was 17 per cent.