US EditionNigerian oil magnate Gabriel Ogbochie’s Eterna posts $103 million in half-year revenue
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Nigerian oil magnate Gabriel Ogbochie’s Eterna posts $103 million in half-year revenue
Key Points Eterna posted $103.9 million revenue in H1 2025, up 6.87%, driven by stronger fuel sales and an expanded distribution network.Net profit hit $376,231, reversing a $3.17 million loss last year due to improved FX performance and better cost control.Total assets dropped to $40.92 million as the company tightened working capital and cut inventories to ease pressure on its balance sheet.Eterna Plc, the downstream energy company backed by N…
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