Monjasa maintained its top quartile position amongst the most solid bunker companies in the world, it said in a statement.
Despite difficult global shipping market conditions, global oil and bunker trader Monjasa succeeded in growing the total supply of oil products by 7%, up from 3.9m to 4.1m metric tonnes with a tanker fleet of 28 units. The growth was obtained through reselling as well as through physical supply activities.
The group posted revenue of $1.6bn down from $2.2bn a year before, operations of $30m, down from $35m in 2014 but registered net profits of $24m up from $22m the previous year.
In particular, Monjasa gained market shares in bunker oil activities in Latin America and consolidated its prominent position in West Africa. Furthermore, a cautious launch of oil trading activities has solidified the growth and performance in the physical supply activities.
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