Audio By Carbonatix
Cal Bank is contemplating venturing into the downstream petroleum sub-sector.
Officials however say the bank would not neglect its core business in the process.
The bank disclosed this when it took its turn at the Ghana Stock Exchange’s Facts Behind the Figures sessions.
It says its first quarter performance has been impressive as compared to last year with the overall profit after tax of the company growing by 58% from 1.9 million Ghana cedis to GHC3 million.
This has been attributed to a growth in asset base and effective cost management.
General Manager in charge of Finance and Administration tells Joy Business this puts the bank in good stead to venture into the downstream oil business.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Avoid comparing governments, Catholic Bishops tell Chief Justice
57 seconds -
140 migrants in single dinghy rescued in English Channel
22 minutes -
FIFA president Infantino will stand for re-election
31 minutes -
Catholic Bishops reject calls for Chief Justice’s resignation over political remarks
40 minutes -
Germany’s far-right AfD set for big win in eastern state, just short of majority
1 hour -
Catholic Bishops urge Chief Justice to avoid remarks that could raise doubts about impartiality
1 hour -
Mrs Doris Emma Doryumu (Nee Dove)
1 hour -
Illegal mining concessions easier to obtain than lawful ones in Ghana – Prof Frimpong-Boateng
2 hours -
At least 5 dead after Amazon cargo plane barreled off runway at Miami airport
2 hours -
Frimpong-Boateng proposes Environmental Restoration Fund funded by mineral royalties
2 hours -
Corrupt individuals are worse than pathogens; their actions cause premature deaths – Prof Frimpong-Boateng
2 hours -
No illegal mining operation will find refuge on Akyem Essase lands — Chief declares
2 hours -
Flight price rises due to ‘foolish leaders’ starting wars, Virgin’s Branson says
2 hours -
Consult traditional authorities before granting mining concessions on stool lands — Baffour Sikabede to gov’t
2 hours -
Why are European countries moving their gold out of North America?
2 hours