Search results for : Petroleum Products
FOCOL extends $25 million rights offering deadline
April 03, 2024
FOCOL extends $25 million rights offering deadline
NASSAU, BAHAMAS — FOCOL has announced the extension of its $25 million Rights Offering, initially set to close on March 22, 2024, now extended to Friday, April 5, 2024, due to the offering not yet being fully subscribed. The BISX-listed petroleum products supplier launched the rights offering in late February exclusively for current shareholders of [...]
February 26, 2024
FOCOL launches $25 million rights offering to fund expansion plans
NASSAU, BAHAMAS — FOCOL, the BISX-listed petroleum products supplier, has launched a $25 million right offering to support its expansion plans. Colina Financial Advisors Ltd (CFAL) recently announced the commencement of the Secondary Rights Offering exclusively for current shareholders of FOCOL Holdings Ltd. (FOCOL) throughout the upcoming month, until March 22. FOCOL aims to generate [...]
The pervasive impact of inflation
August 03, 2023
The pervasive impact of inflation
Countries like The Bahamas are particularly vulnerable to economic fluctuations due to their unique geographical and socio-economic characteristics. As is the case in many Caribbean countries, tourism is a critical pillar of our economy, driving growth, creating massive employment and entrepreneurship opportunities, and maintaining much-needed foreign exchange earnings. The latter is a necessity f...
FOCOL brings mobile payments to Shell stations
July 24, 2023
FOCOL brings mobile payments to Shell stations
FOCOL has launched its Smartpass app, that allows for petrol purchases at Shell stations on New Providence without using cash or a credit card, the company's Chief Executive Officer Dexter Adderley said at the app's launch event.
July 08, 2023
FOCOL surges towards pre-pandemic profitability, sets sights on future growth
NASSAU, BAHAMAS — Freeport Oil Company Limited (FOCOL) is well on its way to returning to pre-pandemic levels of profitability, according to company executives. The BISX-listed petroleum products distributor has maintained its impressive record of quarterly dividends payouts despite dealing with the impact of the COVID-19 pandemic, the war in Ukraine as well as resultant [...]
Developing industry
July 05, 2023
Developing industry
In the years following the signing of the 1955 Hawksbill Creek Agreement, Grand Bahama quickly morphed from a poor fishing village to a thriving industrial hub.
June 28, 2023
FOCOL sees year of 'partial recovery' with $21.4 million net income in 2022
NASSAU, BAHAMAS — BISX-listed FOCOL Holdings Limited saw a net consolidated income of $21.4 million for its 2022 financial year which represented a nearly $5 million increase over its financial performance the year prior. According to the petroleum products supplier's 2022 annual report, 2022 represented a year of "partial recovery' from the effects of the [...]
FOCOL sees $3.4 million Q1 net profit
March 08, 2023
FOCOL sees $3.4 million Q1 net profit
NASSAU, BAHAMAS- FOCOL Holdings, the BISX-listed petroleum products supplier, saw a $3.4 million increase in its total net profit and comprehensive income for the first quarter of its financial year. According to the company's unaudited financial results for its first quarter, total net profit and comprehensive income for the three months ended December 31st, 2022, [...]
October 12, 2022
FOCOL delivers energy solutions through Bahamas Utilities Company
FOCOL Holdings Limited (FOCOL) is a publicly traded company that distributes petroleum products and provides clean, affordable, and reliable energy solutions in The Bahamas, through its subsidiary, Bahamas Utilities Company (BUC).
Ryan Pinder Contribution on BEC Bills
October 25, 2010
Ryan Pinder Contribution on BEC Bills
Nassau, Bahamas - Enclosed is the contribution by Hon L. Ryan Pinder, Member of Parliament, Elizabeth Constituency, on the BEC Bills, delivered October 20, 2010.
Today I rise here on behalf
of the wonderful constituents of Elizabeth, who have mandated me to
represent their needs and concerns in this honorable place. Today
we are here to debate a resolution for the approval of duty free c...
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