Caverton Boss optimistic on future growth


Despite the challenges in the oil and gas industry, the Chief Executive Officer of Caverton Offshore Support Group Plc Olabode Makanjuola has assured the investing public that they are optimistic on their future growth.

He disclosed this when the management paid a courtesy visit to the Nigerian Stock Exchange (NSE) and rang the closing gong.

Olabode pointed out that with the constitution of the Federal executive council, the oil and gas sector will experience positive changes that will impact on their company.

He said the company is insulated from the current challenges in the industry because most of their business engagements were consummated before the fall in oil price.

According to him, the divestment of International Oil Companies (IOCs) will not have any negative effects on the company operations, since their exit will create room for other interested indigenous companies.

However, for the 2014 full year, the company paid a dividend of N335 million which amount to 10 kobo for every 50 kobo ordinary share held by the shareholders.

- Advertisement -First Bank USED