TOR records first profit in almost a decade – SIGA

SIGA described the development as TOR’s “first profit in almost a decade”, placing the refinery among six prominent state-owned entities that recorded significant turnarounds during the year under review.

The refinery’s performance formed part of a broader improvement in the financial position of Ghana’s state-owned enterprises (SOEs), which collectively returned to profitability after four consecutive years of net losses.01, GNA – The Tema Oil Refinery Company Limited (TOR) has returned to profitability, recording a net profit of GH¢1.