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FESCO rakes in higher Q2 profit

Future Energy Source Company (FESCO) raked in more profit in its second quarter ended September.
 
Post tax earnings amounted to $129.3 million, an increase of $125.98 per cent.
 
For the same period last year, the company made $52.2 million, a difference in periods of $72 million.
 
FESCO also saw improved earnings for the quarter, with revenues of $6.97 billion, which reflects a 187.7 per cent increase over last year. 
 
Some $2.4 billion was made in the similar period in 2021, representing a $4.5 billion year over year increase.
 
FESCO is forecasting better results for the upcoming quarters, with its newly opened service stations in Whitehall, St. Elizabeth, and its 18th service station, FESCO Ocho Rios.
 


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