BUSINESS

Global Spectrum Energy Services Boosts Profit To N37.48m In Q3 2021

Global Spectrum Energy Services Plc, an energy service firm quoted on the Nigerian Exchange (NX) has released its statement of financial position for the nine months period ended 30th September 2021 with total comprehensive income for the third quarter up 93.1% to N37.480 million from N19.410 million in Q3 2020.

However, income for the nine months dropped by 32.4% to N128,334.265 million from N189.868 million in 2020.

Revenue for the Q3 rose to N506.057 million from N349.845 million in 2020 while the figure for the nine months dropped to N1.292 billion from N1.795 billion in 2020.

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