Seplat Says 2014 Profit Fell 54% as Oil Prices Plunged


LAGOS, March 26 (Reuters) – Nigerian oil company Seplat said on Thursday its 2014 pretax profit dropped to $252 million, down 54 percent from $550 million a year ago, as the price of crude oil plunged.

Seplat with dual listings in Lagos and London said revenues fell to $775 million during the period to December 31, against $880 million last year. The oil company proposed a total dividend of $0.15 per share for 2014, up from $0.10 in 2013.

(Reporting by Oludare Mayowa; Editing by Chijioke Ohuocha and James Macharia)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Manager
Expertise: Engineering Manager|Project Engineer
Location: Orlando, FL
Project Manager
Expertise: Engineering Manager|Project Engineer
Location: Chicago, IL
Contracts Advisor
Expertise: Budget / Cost Control|Contracts Engineer|Supply Chain Management
Location: San Ramon, CA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours