This profit shows a positive turn in the company's fortunes in comparison to the preceding year when the company posted a loss after tax.
Within the larger industry context,
Similarly, Total Energies Nigeria posted a PAT of N12.912 billion, while Aradel's PAT stood at ¦ 54.2 billion. Despite what continues to be a challenging business environment and economic headwinds, energy companies like
2023 has seen
In addition, its clean energy arm,
More significantly the release of the company's FYE2023 results, albeit unaudited, finally brings the company a step closer to being in line with regulatory requirements for all listed companies. It's an indicator that by the end of this year the company will be on track with its peers in reporting results thus giving confidence to shareholders and investors on the company's current state and future.
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