Growing: Admore sales cross Rs11b, says company
The company has recently been taken over by new management, which has devised a roadmap
PHOTO: REUTERS
KARACHI:
The total sales of Admore in financial year 2016 crossed Rs11 billion, rising from a mere Rs21 million in FY 2012. Its contribution to the national exchequer has also increased exponentially to over Rs6 billion from only Rs3 million in FY 2012, stated a press release.
The release comes as reports suggested that the Oil and Gas Regulatory Authority (OGRA) has imposed sanctions on the company for its inability to set up oil storage facilities.
Licensed in 2003, Admore Gas (Pvt) Limited retails refined petroleum products and lubricants in individual and commercial market segments. The company has recently been taken over by new management, which has devised a roadmap to set Admore on the path of growth and expansion.
Published in The Express Tribune, September 28th, 2016.
The total sales of Admore in financial year 2016 crossed Rs11 billion, rising from a mere Rs21 million in FY 2012. Its contribution to the national exchequer has also increased exponentially to over Rs6 billion from only Rs3 million in FY 2012, stated a press release.
The release comes as reports suggested that the Oil and Gas Regulatory Authority (OGRA) has imposed sanctions on the company for its inability to set up oil storage facilities.
Licensed in 2003, Admore Gas (Pvt) Limited retails refined petroleum products and lubricants in individual and commercial market segments. The company has recently been taken over by new management, which has devised a roadmap to set Admore on the path of growth and expansion.
Published in The Express Tribune, September 28th, 2016.