The company also plans to grow its retail footprints in the country as part of its effort to provide energy solutions in efficient and innovative ways, while continuing the trajectory of its five-year strategic plans.
With the emergence of the new majority core investor, the board and management of Eterna Plc has assured shareholders that despite the global challenges faced by the industry, there is hope for growth and a better future outlook for the company. According to him the company will actively continue to play across the energy value chain covering production, transportation and distribution of energy solutions vital for economic growth and development.
He affirmed that the company will begin to incrementally improve its involvement in the aviation space with the retail of Aviation Turbine Kerosene. A look at the firm’s performance showed that Eterna Plc achieved a consolidated operating revenue of N82 billion compared with N58.7 billion in 2020. This was largely attributable to the improved economic activities as against the previous period. It recorded a decline in its gross profit from N5.5 billion in 2020 to N4.2 billion in 2021.
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