Caverton Offshore Support Group suffered a 59.46 per cent drop in its profit after tax in the second quarter of 2023, the firm’s Q2 financial statement revealed.
Ripples Nigeria gathered that Caverton’s net profit between April to June this year was N184.65 million, failing to surpass the N455.56 million reported in the same period in 2022.
Although Caverton’s net profit dropped by N270.91 million year-on-year, the firm’s revenue rose to N7.60 billion in Q2 2023, rising above last year’s N5.98 billion turnover.
