The Nigerian National Petroleum Company (NNPC) Limited has declared a profit after tax (PAT) of N674 billion for the year ended 2021, with the company’s profit after tax shot up by 134.8% company to year 2020.
TheNewsGuru.com (TNG) reports that this is contained in the approved 2021 audited financial statements of the NNPC Limited as disclosed by its Group Chief Executive Officer, Mele Kyari on Tuesday.
“Today I’m happy to announce that the Board of NNPC has approved 2021 audited financial statements and NNPC has progressed to a new performance level, from N287 billion profit in 2020 to N674 billion profit after tax in 2021, climbing higher by 134.8% YoY profit growth,” Kyari disclosed.
The N674 billion profit posted by NNPC Limited in the 2021 financial period represents an increase of N387 billion or 134.8 per cent when compared to the N287 billion recorded in 2020.
The 2021 financial year made it the fourth consecutive year that the NNPC will be making its Audited Financial Statement public.
Details shortly…