VituVingiSana wrote:What I wanted to read. I hope this is fleshed out further in the Annual Report and at the AGM.
Future Outlook
The year 2015 was characterized by dropping oil prices. The management takes the view that in 2016 oil prices will remain relatively low, but volatile and subdued, a factor that augurs well for strong results in 2016 for the Group.
The Group is optimistic that the growth in earnings and profitability will be sustained in 2016 and going into the future. This will be driven by focused expansion of the retail network by adding new service stations in the countries where we operate in. Furthermore, in partnership with various brands, we are selectively rebuilding existing and strategic service stations to enhance sales volume and revenue from Non-fuel income as has happened this year where we have completely rebuilt Kobil South-C and Kobil South-B in Kenya.
The Group has developed an effective strategy of constantly reviewing and restructuring debt and indeed repayment of the same which has enabled the Group to successfully reduce its debt burden. With the traction we gained and supported by low oil prices, we are confident that the Group will be debt free within 2016.
Remember when I told u 20.00. Is coming, just 2 more years of double digit growth and a vibrant market and we'll be there. Was it not for the sound financial management we would be 2 years behind the debt payment curve than we are now. OHANA my hero
The investor's chief problem - and even his worst enemy - is likely to be himself