Friday 15 July 2016

NNPC SUBSIDIARY, NETCO GROWS PROFIT TO N2.5BN IN THREE YEARS

The National Engineering and Technical Company Limited, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), grew its profit before tax to N2.5 billion within three years from N193 million and N963 million in 2012 and 2013 respectively, its Chairman, Mr. Bello Rabiu, has disclosed.

Rabiu disclosed this yesterday in Abuja when the company had its combined Annual General Meeting (AGM) for the three years that the profit margin represented a 160 per cent increase for the firm.
 

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