GOIL records GHS 368m gross profit; grows assets to GHS 2bn
State-owned Oil Marketing Company (OMC), GOIL, recorded a gross profit of GHS 368m at the end of the 2021 fiscal year.
The recorded gross profit was an increment of some GHS 93.3m from that of 2020’s gross profit of GHS 275m.
The company’s net profit after deductions of expenses and taxation, amounted to some GHS 63.9m up from the previous year’s GHS 60.2m.
Regarding its total assets, GOIL for the review period grew its total assets value from GHS 1.49bn in 2020 to GHS 2.08bn in 2021 respectively.
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Of the OMC’s assets value, current and non-current assets amounted to GHS 868m and GHS 1.21bn respectively.
Total liabilities also within the review period was GHS 2.08bn with current and non-current liabilities accounting for GHS 1.45bn and GHS 120m respectively.
Read below details of GOIL’s Unaudited Financial Statement for 2021:
pdf (8) by Fuaad Dodoo on Scribd
