Seplat Energy boosts profit by 83.04%, declares 3 cents as dividend for 2023 year end

Seplat Energy Plc on Thursday published its Audited Financial Statement for the year ended 31 December 2023. The Company declared a final dividend of 3 cents to shareholders for the financial year.

Revenue of N696.867 billion was reported for the 12 months period, up by 72.53% from N403.913 billion reported the previous year.

Profit after tax of N81.33 billion was declared for the year 2023, up by 83.04% from N44.43 billion profit reported in year 2022.

Earnings per share of the Company stands at N138.21

At the share price of N3370, the P/E ratio of Seplat Energy stands at 24.38x with earnings yield of 4.10%.

Qualification date for the proposed dividend of 3 cents is April 26, 2024. The Register of Shareholders will be closed on April 29, 2024.

Payment date is scheduled on or around May 29, 2024. Dividends will be paid electronically to shareholders whose names appear on the Register of Members as of April 26, 2022.

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