The Nigerian National Petroleum Company (NNPC Limited) has declared a profit after tax (PAT) of N674 billion for the year ended 2021.
Mele Kyari, group chief executive officer (GCEO), NNPC Limited, made this known in a briefing on Tuesday.
Kyari said, “Today I’m happy to announce that the Board of NNPC has approved 2021 audited fin. statements & NNPC has progressed to a new performance level,from N287Bn profit in 2020 to N674Bn profit after tax in 2021, climbing higher by 134.8% YoY profit growth,” he said.
The 2021 financial year made it the fourth consecutive year that the NNPC will be opening its book for public scrutiny.
BREAKING:@nnpclimited Declares Profit After Tax of N674bn for 2021
👇👇👇 pic.twitter.com/rVdTPhppsx
— NNPC Limited (@nnpclimited) October 4, 2022
In 2018 when the NNPC first made account statement public, it reported a loss of N803.9 billion.
More to follow…
