FIRST listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc said its profit for the financial year ended December 31, 2014 dropped to $252 million from $550 million recorded a year earlier; showing a decline of 54.2 percent.
Similarly, profit before tax (PBT) declined 44.85 percent to $252 million from $457 million reported the in the 2013 audited financial year end.
Also, revenue dipped 11.93 percent to $775 million in the 2014 end from $880 million declared a year earlier, the company said in a filing with the Nigerian Stock Exchange (NSE).
At the close of transactions today on the Nigerian bourse, share price of the Seplat lost N1.00 as it opened at N399.00 and closed N398.00, losing 0.25 percent in the review period.


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