Gambia National Petroleum Corporation, GNPC’s Profit Decreased By 128 Percent Between 2012 and 2013

Gambia National Petroleum Corporation, GNPC’s Profit Decreased By 128 Percent Between 2012 and 2013

Momodou O.S. Badjie, Managing Director of the Gambia National Petroleum Corporation, GNPC, has said the company registered a profit before taxation of D110 million in 2013, showing a 128 per cent decrease as compared to the profit of D287 million in 2012.

This was mainly due to the reduction in sales revenue received in 2012 compared to 2013, he said.

Mr Badjie was presenting the company’s financial and activity report for 2013 to the joint session of the Public Accounts Committee and Public Enterprises Committee (PAC/PEC) of the National Assembly on Monday.

More on: http://allafrica.com/stories/201504281456.html

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