Seplat Energy Plc (SEPL.L), on Tuesday, reported 9-month revenues of $715.3 million, down 11.7% from the prior year's $810.4 million, largely due to an overlift reported at 9M 2023.
Adjusting for overlift/underlift 9M 2024 revenue of $724 million, was up 6% compared to 9M 2023 of $683 million.
Profit before tax for the period totaled $245.0 million, a jump of 130%, compared to the previous year's $106.5 million.
However, primarily due to the significant increase in taxation in 9M 2024, net profit declined 55.7% to $35.3 million from $79.5 million in 9M 2023.
The profit attributable to equity holders of the parent company, representing shareholders, was $38.7 million in 9M 2024, which resulted in basic earnings per share of $0.07 per share for the period.
Also, the company announced a 20% increase in its quarterly core dividend payment to US3.6 cents per share from 3Q 24. The dividend is payable to the shareholders of record as of the close of business 12 November 2024. This brings total dividends announced for the 2024 financial reporting cycle to US9.6 cents per share.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.