• UB cuts 683 workersMay 11, 2026
      363 employees terminated in March, await exit packages 320 opted for voluntary separation in Dec 2024 UB High Performance Organisation Strategy unfolds BAKWADI LEKOPANE RelatedPosts UB cuts 683 workers Shivers, as Guma rejoins BDP Africa’s schools are under… Read more: UB cuts 683 workers
  • Shivers, as Guma rejoins BDPMay 11, 2026
    Stirs a storm in Central Committee, considered for NEC Some BDP members’ suspicious of his return Guma is a political heavyweight & strategist- Analyst BAKANG TIRO editors@thepatriot.co.bw RelatedPosts UB cuts 683 workers Shivers, as Guma rejoins BDP Africa’s schools… Read more: Shivers, as Guma rejoins BDP
  • BETP Success: Govt leans to HuaweiMay 8, 2026
    • Minister Ntlhaile affirms Chinese firm as critical partner • China Ambassador Fong hails Govt, Huawei partnership BAKANG TIRO editors@thepatriot.co.bw RelatedPosts BETP Success: Govt leans to Huawei ECONOMY SINKING DEEPER BoB hikes bank rate to 5,5% Mining in deep… Read more: BETP Success: Govt leans to Huawei
  • Africa’s schools are under pressureMay 8, 2026
    -Psychosocial support is no longer optional. Across Africa, education is often framed as the continent’s most powerful lever for development. It is positioned as the pathway out of poverty, the foundation of economic growth and the engine of social… Read more: Africa’s schools are under pressure
  • BOCONGO exposes defects in the Concourt BillMay 7, 2026
    By Adama Phetlhe Just when I thought Botswana Council of Non-Governmental Organisations (BOCONGO) had given up on challenging the Constitution (Amendment) Bill no 14 of 2025, it upped the ante by producing a discussion paper wherein it poked serious… Read more: BOCONGO exposes defects in the Concourt Bill
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Tuesday, May 12, 2026
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result

Engen’s profit before tax down 40%

patriot by patriot
March 27, 2024
in Business
0

… Blames decline in crude oil prices

The shareholders of Engen Botswana Limited are advised that the profit before tax for the year ended 31 December 2023 will be between 40% to 50% or P141.4 million to P176.7 million respectively lower than the P353.4 million profit reported for the year ended 31 December 2022. This is mainly attributable to the decrease in global crude oil prices during the year which resulted in a decline in inventory effects. In addition, there was reduced business activity mainly attributable to lower disposable incomes attributable to high food and consumable prices in Botswana. As a result, the gross profit has decreased between 30% to 40% from the P462.0 million reported for the year ended 31 December 2022. Shareholders are advised to exercise caution when trading in the Group’s securities until such time as a detailed announcement is made. Summary results for the year ended 31 December 2023 are expected to be released by 28 March 2024. [bse.co.bw]

RelatedPosts

BETP Success: Govt leans to Huawei

ECONOMY SINKING DEEPER BoB hikes bank rate to 5,5%

Mining in deep contraction

Previous Post

GOVT TO ANNOUNCE BUDGET FOR PARIS 2024 OLYMPICS GAMES SOON

Next Post

Botswana losing hunting ban war

Related Posts

BETP Success: Govt leans to Huawei
Business

BETP Success: Govt leans to Huawei

May 11, 2026
ECONOMY SINKING DEEPER BoB hikes bank rate to 5,5%
Business

ECONOMY SINKING DEEPER BoB hikes bank rate to 5,5%

May 5, 2026
Mining in deep contraction
Business

Mining in deep contraction

April 28, 2026
Letshego to sell investments in Ghana, Nigeria, Tanzania, Rwanda, Uganda
Business

Letshego to sell investments in Ghana, Nigeria, Tanzania, Rwanda, Uganda

April 28, 2026
Dr Sigwele to chair 𝐁𝐎𝐓𝐂 𝐁𝐨𝐚𝐫𝐝
Business

Dr Sigwele to chair 𝐁𝐎𝐓𝐂 𝐁𝐨𝐚𝐫𝐝

April 20, 2026
BOTSWANA MINERALS PLC  Steering Botswana to prosperity
Business

BOTSWANA MINERALS PLC Steering Botswana to prosperity

April 20, 2026
Next Post
Botswana losing hunting ban war

Botswana losing hunting ban war

  • UB cuts 683 workersMay 11, 2026
      363 employees terminated in March, await exit packages 320 opted for voluntary separation in Dec 2024 UB High Performance Organisation Strategy unfolds BAKWADI LEKOPANE RelatedPosts UB cuts 683 workers Shivers, as Guma rejoins BDP Africa’s schools are under… Read more: UB cuts 683 workers
  • Shivers, as Guma rejoins BDPMay 11, 2026
    Stirs a storm in Central Committee, considered for NEC Some BDP members’ suspicious of his return Guma is a political heavyweight & strategist- Analyst BAKANG TIRO editors@thepatriot.co.bw RelatedPosts UB cuts 683 workers Shivers, as Guma rejoins BDP Africa’s schools… Read more: Shivers, as Guma rejoins BDP
  • BETP Success: Govt leans to HuaweiMay 8, 2026
    • Minister Ntlhaile affirms Chinese firm as critical partner • China Ambassador Fong hails Govt, Huawei partnership BAKANG TIRO editors@thepatriot.co.bw RelatedPosts BETP Success: Govt leans to Huawei ECONOMY SINKING DEEPER BoB hikes bank rate to 5,5% Mining in deep… Read more: BETP Success: Govt leans to Huawei
  • Africa’s schools are under pressureMay 8, 2026
    -Psychosocial support is no longer optional. Across Africa, education is often framed as the continent’s most powerful lever for development. It is positioned as the pathway out of poverty, the foundation of economic growth and the engine of social… Read more: Africa’s schools are under pressure
  • BOCONGO exposes defects in the Concourt BillMay 7, 2026
    By Adama Phetlhe Just when I thought Botswana Council of Non-Governmental Organisations (BOCONGO) had given up on challenging the Constitution (Amendment) Bill no 14 of 2025, it upped the ante by producing a discussion paper wherein it poked serious… Read more: BOCONGO exposes defects in the Concourt Bill
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?