StockMarketWire.com - Lagos and London listed Seplat Petroleum reported a rise in year-to-date profit after lower financing costs offset a weaker revenue.

Profit for the nine months through September more than doubled to $185m, up from $91m on-year, following a 37% reduction in finance costs.

The fall reflected de-leveraging of the balance sheet early in the year when an outstanding balance on a 2022 revolving credit facility was ultimately reduced to zero

Revenue, however, fell to $495m, down from $568m on-year, reflecting lower production volumes and weaker commodity prices.

At 8:00am: [LON:SEPL] Seplat Petroleum Dev Company Plc share price was -1.75p at 115.25p



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