Regency Petroleum generated net profit of $86.66 million on revenues of $1.63 billion during the year ended December 31, 2024.
This represented a 76 per cent surge in revenues and an 86.6 per cent jump in net profit when compared with the previous year.
Regency CEO Andrew Williams predicted that revenues and profits will continue to increase as the company expands.
He stressed, however, that the recent fire at its warehouse near its first gas station in Sav –La-Mar, Westmoreland will have a negative effect on its revenues and profits during the first quarter of this year.
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