Seplat Energy Plc recorded $62.1 million profit before deferred tax (PBT) in its half year (H1) 2021 financial results even as the board has approved an
The PBT declared translates to an increase of 142.7per cent as against half year 2020.
Similarly, its revenue went up by 32 per cent to $308.8 million in H1, 2021 from $233.5million in H1, 2020 while its earnings before interest, taxes, depreciation, and amortisation was $178.9 million. Cash generated from operations was $125.8 million, cash at bank stood at $298.8 million and net debt of $456.4 million was recorded in the half year under review.Following the impressive results, Seplat has declared an interim dividend of US2.
The event marked an important milestone for Seplat and its name change from Seplat Petroleum Development Company Plc to Seplat Energy Plc. While the company’s total rebranding is underway, the firm announced its unaudited results for the half year ended June 30, 2021.
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