Commercial sales and fuel for boat boost the profits of Shell

13 years ago - 29 March 2011
Commercial sales and fuel for boat boost the profits of Shell
by lexpress.mu
Shell Oil Company (Mauritius) posted a profit after tax up 23% for fiscal year 2010.

Shell recognized its profit of Rs 325 million last year against Rs 264 million in 2009 to better sales in the segment of fuel for boats and the more traditional commercial sale. Overall, Shell increased its sales significantly in 2010 from Rs 8.4 billion to Rs 9.4 billion, which is Rs 1 billion more.

At its various markets, Shell sold last year to Rs 2.8 billion chain "aviation and marine”, compared to nearly Rs 2.3 billion a year earlier. The company also improved its sales at retail, from Rs 5.5 billion in 2009 to Rs 6 billion in 2010. Nothing on its two channels, one can count Rs 1 billion sales in excess.

Shell (Mauritius) returns on the sale of activities the parent in many African countries. In February 2011, an official announced the sale of these activities to a joint venture of two companies and Vitol Helios amounting to one billion dollars (about Rs 30 billion).

An administrative procedure to implement the sale continues. In Mauritius, the parent might have to sell its 75% stake in Shell (Mauritius) the remainder being held by shareholders separated, since the company has at least 25% of its capital "Floated" on the stock market. The Stock Exchange of Mauritius and other authorities to examine the proposed sale of the parent.