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FESCO records increased profit

Listed gas station operator FESCO recorded a 162 percent increase in profit during the January to March period.
 
In financial results released yesterday, FESCO said profit was $97.6 million  which was $60.3 million  higher than the same period last year.
 
Revenue was up $3.2 billion at $4.7 billion. .
 
FESCO says it exceeded its 12 month profit forecast by $4.4 million despite opening its Ferry and Beechwood outlets behind schedule.
 


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