2021 9M Results: Global Spectrum Energy Services Plc records a 33% slump in PBT to N153.7 million.

Global Spectrum Energy Services Plc released its financial results for the nine months period ended 30th of September, 2021.

• Revenue for the period was N1.29 billion. (-28% YoY)
• Direct cost of N934.7 million. (-30.8% YoY)
• Administrative expenses totalled N209.6 million. (-4.6% YoY)
• An operating profit of N158.1 million was recorded. (-32.5% YoY)
• Profit before tax was N153.7 million. (-32.9% YoY)
• Total assets during the period stood at N5.64 billion.

See link to results.