The Nation Newspaper NETCO posts 137% in operating profit for 2023
, a subsidiary of the Nigerian National Petroleum Company Limited , has announced a 137 per cent increase in operating profits in 2023.
He said the Board Chairman explained that NETCO recorded a 101 per cent revenue increase in the year 2023, reflecting a turnaround in operating results, which rose by 137 per cent reversing the previous year’s deficit. The NETCO helmsman further stated that the company aims to increase its market share by at least five per cent through participation in mainstream EPC projects, stressing that the company will bid for a minimum of 32 Tenders with a target of securing at least 15 contracts.
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