By InvestAdvocate

Lagos (INVESTADVOCATE)- First dual listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc on Wednesday reported a pretax profit 126 percent to N13.45 billion in its  full year 2017 financial results compared to a loss of N47.42 billion recorded a year ago.

Similarly, Seplat reported a post-tax profit of N81.11 billion compared to a loss of N45.38 billion posted in full year 2016; indicating a growth of 260 percent.

Revenue of the first dual listed Nigerian oil and gas upstream firm increased 78 percent to N138.28 billion from N63 billion reported the same period of 2016, Seplat said in a filing with the Nigerian Stock Exchange (NSE).

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