Eterna Plc, a leading integrated energy provider in the country, has reported an impressive performance in 2022, recording a profit before tax of N1.9 billion by the end of Q3 2022 against N566.9 million reported by the end of Q3, 2021. Profit after tax grew significantly by 246 per cent to N1.44 billion in Q3 2022 from N416 million in Q3 2021.
The group reported N75.01 billion in revenue from sales of white products in Q3 2022 from N47.5 billion in Q3 2021. Sales from Lubricants moved to N11.76 billion in Q3 2022 from N11.66 billion in Q3 2021. Commenting on the performance, the Managing Director/Chief Executive Officer of Eterna PLC, Mr. Benjamin Nwaezeigwe, said the growth trajectory was on the back of increased operating activities, improved efficiency, staff dedication and a new energy in the organisation brought about by the vision of the new leadership.
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