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[Jan 2018] Dalol Oil S.C Profit Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Dalol Floats 22m Br Shares to Unidentified Investor

Dalol Oil S.C., one of the local private oil companies, is currently negotiating with unidentified investor to sell 22 million Br worth of shares having a par value of 1,000 Br in its bid to recapitalize itself amidst tough operating year. Reporting a full year profit of 400,000 Br for the fiscal year which ended in December 2016, Dalol’s profit, however, represents a fall four times lower than the year earlier.

The decline in profit is justified by an increase in provision held for receivables in credits and operational

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