By InvestAdvocate

Lagos (INVESTADVOCATE) – First listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc (SEPLAT) on Tuesday said its first-half (H1) pretax profit for the period ended June 30, 2015 declined 66.5 percent to N8.126 billion from N24.225 billion recorded a year ago.

Similarly, profit after tax (PAT) dipped 66.3 percent to N8.169 billion from N24.225 billion reported the same period of 2014.

In the same vein, revenue declined from N60.294 billion to N48.761 billion in the H1 period of 2015; indicating a drop in revenue of 19.1 percent, the first listed Nigerian oil and gas upstream firm said in a filing with the Nigerian Stock Exchange (NSE).