Vivo Energy volumes rise 15% in the third quarter
The pan-African fuel retailer expects profit growth due to higher volumes and better sales margins
25 October 2019 - 09:35
Vivo Energy, which operates fuel stations in Africa, is upbeat about its profit prospects for its year to end-December, after the boost in volumes from its Engen acquisition helped to lift its margins.
Vivo added 230 new stations in eight African countries when it completed its transaction with Engen in March, with CEO Christian Chammas saying on Friday the ramp up in volumes had boosted gross cash profit margins...
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