"Based on the information currently available to the board, the anticipated increase of profit was due to the improvement of overall business sectors of the group," Brightoil said.
It added that the company is in the process of finalising the financial results for the year and the forecast is based on the preliminary assessment by the company’s management according to the unaudited management accounts of the group and not on the audited information or figures reviewed by the auditors of the company, Brightoil warned however.
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