Yemisi Izuora
The Nigerian National Petroleum Company Limited, NNPCL, has reaffirmed that the Company’s Profit After Tax actually stood at N674 billion, in 2021.
The clarification follows N687 trillion inadvertently mentioned by the Group Chief Executive Officer (GCEO) of NNPCL, Mele Kyari as the Company’s Profit After Tax, PAT in the 2021 Annual Financial Statement, during an interview on Arise TV’s “The Morning Show” on Tuesday.
Garba Deen Muhammad, Chief Corporate Communications Officer, NNPC Ltd, in a Tweet on Thursday made this clarification.
The NNPCL’s spokesman, however noted that among the issues the GCEO discussed was the 2021 profit margin. He therefore emphasised that the accurate Profit After Tax figure for the Year 2021, N674 billion, was communicated to the public via our official Twitter account on 05/10/2022.
It would be recalled that in October, 2022, Kyari actually declared a profit after tax of N674 billion for the financial year 2021, in a statement via his verified Twitter handle of the company.
In that statement the NNPCL’s GCEO disclosed that the NNPC Limited has progressed to a new performance level from N287bn profit in 2020 to N674bn Profit After Tax in 2021, moving higher by 134.8 per cent year on year profit growth.
According to him, the Board of NNPCL approved 2021 audited fin. statements & #NNPC has progressed to a new performance level,from N287Bn profit in 2020 to N674Bn profit after tax in 2021,climbing higher by 134.8 per day YoY.
