Seplat 9-month pretax profit down 34.8 percent

Nigeria’s energy company Septlat said on Thursday its 9-month pre-tax profit fell 34.8 percent to 35.39 billion Nigerian naira ($213.97 million) compared with 54.28 billion naira in the same period of last year.

Revenue also dropped to 92 billion naira against 99.8 billion naira a year earlier, the company said in a filing with the Nigerian Stock Exchange.