Caverton H1 profit down 31.7 pct

Nigerian oil services firm Caverton said on Thursday its pretax profit fell to 2.6 billion naira ($16 million), down 31.75 percent from 3.81 billion naira a year earlier.

But revenue rose to 12.50 billion naira in the six months to June 30, from 10.31 billion naira during the same period last year, the company said in a filing to Nigeria’s stock exchange.