BUSINESS

Eterna Slips Into N1.1Bn Loss In 2021

Eterna Plc which manufactures and sells lubricating oils and petrochemicals along with importation of  bulk petroleum products including Premium Motor Spirit has released its annual report and financial statements for the year ended 31 December 2021 with a group loss of N1.1 billion from N941.042 million profit in 2020.

Group revenue also dropped to N82.198 billion during the year from N58.716 billion in 2020.

The Company’s activities also include Bunkering, Gas Distribution and Marketing (Liquefied Petroleum Gas (LPG) and Natural Gas (NG),Offshore and Onshore Oil Services, Gas Processing, Trading in Crude Oil and other refined petroleum products.

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