SEPLAT’s Q1:2020 financial performance showed that revenue declined by 13.34% YoY to NGN42.41bn (vs. NGN48.94bn in Q1:2019). The decline was off the back of a slowdown in crude oil sales, which declined by 3.41% to NGN34.90bn (vs. NGN36.21bn in Q1:2020), and a 41.38% reduction in Gas sales at NGN7.51bn.
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Earnings Update – SEPLAT Q12020
