Engen Botswana Limited Provides Earnings Guidance for the Year Ended December 31, 2018
March 20, 2019 at 06:10 pm IST
Engen Botswana Limited provides earnings guidance for the year ended December 31, 2018. For the period, Group expects to release results which will be lower than what was reported for the corresponding year ended 31 December 2017. This is mainly attributable to the decline in global crude oil prices in the latter part of 2018 and no adjustment in the Government controlled margins, that cushion the company from inflationary increases in operating expenditure.