- BOST records GH¢208 million profit in 2023, a significant turnaround.
- Company's equity position strengthens from negative GH¢248 million to positive GH¢277 million.
- Cumulative profit of GH¢710 million achieved over the past three years.
- Prudent management and strategic decisions drive BOST's financial success and growth.
The Bulk Oil Storage Company (BOST) has announced a remarkable profit of GH¢208 million for the year 2023. This achievement marks a significant turnaround in the company’s financial performance, as it previously recorded a negative equity position of GH¢248 million in 2021.
According to the Board Chairman of BOST, Ekow Hackman, the company’s financial performance has seen continuous improvement due to prudent management. The equity position has strengthened significantly, moving from a negative position to a positive one.
In 2023, BOST recorded a profit of GH¢208 million, which is a testament to the company’s hard work and dedication. This profit is particularly impressive when compared to the previous years’ performance. In 2022, BOST recorded a profit of GH¢342 million, while in 2021, the profit was GH¢160 million. Cumulatively, the company has made a profit of GH¢710 million over the past three years.
Ekow Hackman attributed the success to the company’s focus on prudent management and strategic decision-making. He emphasized that the strong financial performance has provided a solid foundation for future growth.
The Board Chairman highlighted that BOST’s financial performance is a result of the collective efforts of the management and staff. He praised their hard work and dedication, which has led to the company’s remarkable turnaround.
BOST’s Annual General Meeting (AGM) was held in Accra on Friday, where Ekow Hackman shared the company’s financial achievements. He expressed his optimism about the future, citing the company’s strong financial position.
The profit of GH¢208 million in 2023 is a significant achievement for BOST, demonstrating the company’s ability to adapt and thrive in a challenging environment. Ekow Hackman’s leadership and the management team’s strategic decisions have been instrumental in driving BOST’s success. The company’s focus on prudent management has yielded impressive results.
As BOST looks to the future, it is clear that the company is well-positioned for continued growth and success. With a strong financial foundation and a dedicated team, BOST is poised to achieve even greater heights in the years to come.
