After many years of financial losses, the National Petroleum Corporation (NPC) is finally making a profit.
This is according to Acting Chairman of the NPC, Noel Greenidge, while delivering the Chairman’s address at the company’s Annual Awards Ceremony and Christmas Luncheon, held at the NPC compound in Wildey yesterday.
“After many years of financial losses, I am pleased to say that during the financial years 2013 and 2014 respectively, the Corporation realised profits in excess of $1.5 million,” Greenidge announced.
“The results for the financial period ending March 2015 continue to show the Corporation in a similar light, and based on the strategic objectives that we have employed, we anticipate further efficiencies, gains and financial successes,” he added.
Greenidge noted that in early 2008 when the present Board was constituted, it was faced with the challenge of giving ...