Caverton Offshore Reduces Q3 Loss to N4.6bn in Oil and Gas Sector
Caverton Offshore Support Group PLC has significantly reduced its Q3 pre-tax loss to N4.6 billion, compared to N41.6 billion in Q3 2024. The company, a leading provider of marine aviation logistics services to local and international oil and gas companies, reported a decrease in revenue to N20.5 billion.
Despite the decrease, Caverton recorded a gross profit of N10.9 billion in Q3 2025, showcasing a positive turnaround strategy. CEO Olabode Makanjuola expressed confidence in the company's long-term prospects and highlighted proactive management strategies for sustained growth.
Creative content writer Iheanyi Nwachukwu provided insights into the financial performance.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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