Africa Oilfield Logistics Ltd is happy with a positive trading update from the Company's primary investment, Ardan Risk & Support Services ('Ardan').
Carl Esprey, Chief Executive Officer of Africa Oilfield, said: 'Increasing year on year revenue run rate by 65% is a tremendous achievement, which can be attributed to the important structural changes made within Ardan and the key management appointments at Africa Oilfield in recent months. We are now ideally positioned to capitalise on the rapidly expanding energy and natural resource industry in East Africa. Ardan offers a highly professional, international standard and end-to-end solution to clients, which differentiates it from its competitors. I look forward to providing further updates regarding Ardan and our growth strategy in due course and remain confident that the strong structural foundations which have now been implemented at Ardan will continue to translate into strong financial performance.'