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Seplat Petroleum has released its results for the nine months ended September 30, 2018. Here are key highlights of the results.


Revenue jumped from ₦85.1 billion in 2017 to ₦173 billion in 2018. This represents a 103% increase year on year.

Profit Before Tax

Profit before tax stood at ₦65 billion in 2018 compared to a loss before tax of ₦650 million in 2017.

Profit after Tax

Profit after tax stood at ₦27.9 billion in 2018  compared to a loss of ₦1.6 billion made in 2017.

Earnings Per Share

Earnings Per Share stood at ₦47.98 in 2018 compared to a loss per share of ₦2.88 made in 2017.


Current Share Price 

Seplat is currently trading at ₦644 in today’s trading session on the Nigerian Stock Exchange (NSE).


Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com


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