Seplat Petroleum released its financial results for the nine months ended 30th September 2015.
The result showed that revenue dropped 9% from N92 billion in Q3′ 2014 to N83 billion in Q3′ 2015.
Pre-tax Profits also fell by 61% from N35 billion in Q3′ 2014 to N13 billion in Q3′ 2015.
See Summary of the result below..
| Seplat Petroleum PLC 9months | 2015 | 2014 | % Change |
| N’m | N’m | ||
| Revenue | 83,004 | 92,007 | -9.79% |
| Gross Profit | 37,959 | 54,643 | -30.53% |
| Operating Expenses | -16,648 | -17,430 | -4.49% |
| Pre-tax profits | 13,536 | 35,398 | -61.76% |
| Profit After Tax | 13,579 | 35,398 | -61.64% |
| Current Share Price |
