Seplat Energy Plc, an independent energy company listed on both the Nigerian Exchange (NGX) and the London Stock Exchange (LSE), has reported a 461 per cent increase in profit before tax (PBT).
Seplat Energy Plc , an independent energy company listed on both the Nigerian Exchange and the London Stock Exchange , has reported a 461 per cent increase in profit before tax . Seplat Energy Plc , an independent energy company listed on both the Nigerian Exchange and the London Stock Exchange , has reported a 461 per cent increase in profit before tax .The company’s financial statement revealed that cash generated during the period reached N308.
The company had pipeline losses of 3.1 per cent in H1, highlighting an improved environment for stable operations with improved average deferments to 24 per cent from 26 per cent recorded in H1 2023. “Capex invested $102.4 million , balance sheet cash at 6M 2024, $371.8 million , $128 million Mobil Producing Nigeria Unlimited deposit not included. Net debt at end of June $366 million, down from $385 million at end 1Q 2024. $19.3 million of Reserve-Based Lending borrowings were repaid in 6M 2024. Net Debt to EBITDA was 0.76x while Q2 2024 dividend declared of US$3.0 c/share and 6M 2024 total declared dividends US$6.0 c/share ,” the company stated.
The Federal Ministry of Marine and Blue Economy has acknowledged the Ogun State’s Inland Dry Port project for securing a Certificate of Compliance from the Infrastructure Concession Regulatory Commission . The Central Bank of Nigeria says next-of-kin, legal representatives, and beneficial owners can claim the funds in dormant accounts. CBN said this in a report released over the weekend.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Seplat posts N244bn pre-tax profit, up 461%Seplat Energy Plc on Tuesday posted a pre-tax profit of N244 billion for the half year ended June 30, 2024.
Read more »
Energy expert: Ifeanyi Ubah's creative abilities will be missed in energy industryDan Kunle, an energy expert, says Ifeanyi Ubah, senator representing Anambra south, was a businessman who “entered the oil and gas industry with great values”.
Read more »
Nigerian Govt gives update on NAOC-Oando, ExxonMobil-SEPLAT dealsThe Federal Government said the oil assets sales deal between Nigerian Agip Oil Company, NAOC, and Oando, Equinor Nigeria Energy Company and Project Odinmim divestments have been completed. Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, disclosed this at the ongoing NOG Energy Week in Abuja.
Read more »
Seplat donates two STEAM labs to schools in EdoNEPL/Seplat Energy JV has donated two additional Science, Technology, Engineering, Arts, and Mathematics (STEAM) Labs to the Edo Boys High
Read more »
NGX Group confirms appointment of Jude Chiemeka as CEONigerian Exchange Group Plc (NGX Group) has confirmed the appointment of Jude Chiemeka as CEO of Nigerian Exchange Limited (NGX), its operating exchange subsidiary.
Read more »
Indigenous companies capable to grow nigeria’s oil productionSeplat Energy Plc has assured that Nigeria’s sub-surface potentials could be largely optimised and oil/gas production levels increased if divestment and other related deals are expedited.
Read more »