The energy company was announced winner by
the organisers of the award at a ceremony held at Eko Hotel & Suite
Victoria Island Lagos on Sunday night.
The return on net assets (RONA) ratio
compares a firm’s net income with its assets and helps investors to determine
how well the company is generating profit from its assets. The higher a firm’s
earnings relative to its assets, the more effectively the company is deploying
those assets.
The Board of Governors of the PEARL Awards
Nigeria congratulated Seplat Energy Plc for emerging as winner of the
prestigious 2022 Highest Net Asset Ratio Award in the Market Excellence Awards
Category for companies quoted on the Stock Market.
Commenting, the President, PEARL Awards,
Mr. Tayo Orekoya, said the 2022 PEARL Awards with the theme: Sustaining
Excellence Through Tenacity (SETT), reflects the current realities of the PEARL
Awards, Corporates and Capital Markets,
locally and globally.
Orekoya said: “Over the years we have built
and sustained a legacy through the PEARL Awards and this is attested to by the
high reputation and credibility which corporate Nigeria and other stakeholders
ascribe to the Awards Project for its impartiality and reliance on verifiable
indices to determine the yearly winners.
The Chief Financial Officer, Seplat Energy,
Mr. Emeka Onwuka, also commenting on the award, expressed appreciation of the
Board, Management and Staff of Seplat Energy Plc on the recognition, saying the
feat remains a call for more work.
Onwuka said: “We thank the Board of Governors
of the PEARL Awards Nigeria for this honour.
“At Seplat Energy Plc, our commitment to
excellence and global best practices is unwavering. The Company had its sights
set on the global business arena from its inception. Therefore, in April 2014
and in line with its vision of being a world-class energy company delivering
premium value to all stakeholders, the company accomplished the historic feat
of being the first Nigerian company to be listed on both the Nigerian Stock
Exchange (now The Nigerian Exchange) and the main market of the London Stock
Exchange – the world’s most respected international market for the admission
and trading of equity, debt and other securities.
“The main motive behind Seplat Energy’s
vision of listing in two jurisdictions was the great desire to build a company
that would stand the test of time and stand shoulder-to-shoulder with other
global players from other climes. This award tonight, reaffirms this, and for
us, this is a call for more work.”