Seplat Power FY24 Pre-tax Revenue Surges, Income | International Market Information
(RTTNews) – Nigerian unbiased power Firm Seplat Power Plc. (SEPL.L) Tuesday introduced 98.4 % surge in full 12 months pre-tax revenue, in comparison with the prior 12 months. Revenues elevated 5.2 % year-over-year.
The company declared a particular dividend, and the full dividend is up 10 % from the prior 12 months.
Pre-tax revenue got here in at $379.4 million, up from $191.2 million a 12 months in the past.
Income for the period was $1.116.2 billion, up from $1.061 billion within the prior 12 months.
EBITDA for full 12 months elevated 20.3 % to $539.0, from $448.2 million final 12 months.
Underlying adjusted income was secure at $961 million, in comparison with $962 million within the comparable period.
The company mentioned its Manufacturing from the onshore belongings averaged 48,618 boepd, up 2 % from 12 months in the past manufacturing of 47,758 boepd.
The outcomes embrace the acquisition of Mobil Producing Nigeria Limitless renamed as Seplat Power Producing Nigeria Limitless or SEPNU. Together with 19 days of SEPNU manufacturing reported manufacturing reached 52,947 boepd, up 11 % from the prior 12 months.
The company declared fourth quarter dividend of $ 3.6 cents per share, and the full core dividend declared was 13.2 cents per share.
Looking forward to the 2025, the company tasks average manufacturing steering of 120-140 kboepd, that features manufacturing from SEPNU of 72-84 kboepd.
Unit working prices for the group is projected to be $14.0-15.0/boe.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
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