By; PETER NOSAKHARE, Kaduna
Group Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari on Tuesday, announced that the company as a corporation grew its profit after tax from 287 billion Naira in 2020 to 674 billion Naira in 2021.
Kyari, who disclosed this at a press conference in Abuja, said the 2021 profit was contained in the Group Audited Financial Statement of the oil firm for the year ended December 31, 2021.
“In September 2021, Mr. President graciously approved the publication of the 2020 NNPC Group Audited Financial Statement, in which NNPC declared a profit after tax of 287 billion Naira for the first time in its 44 years.
“Despite our challenging operating environment, we strongly believe that NNPC has the potential to sustainably deliver better value to its esteemed shareholders.
“Today I am happy to announce that the Board of NNPC Limited has approved 2021 audited financial statements, and NNPC progressed to a new performance level, from 287 billion Naira profit in 2020 to a 674 billion Naira profit after tax in 2021, climbing higher by 134.8 per cent year-on-year profit growth,” he said.
