Sonangol Reports 2023 Financial Results and Infrastructure Progress
Sonangol disclosed its financial performance for the year 2023 last week, revealing a turnover of $10.9 billion and a net profit of $3.1 billion, a decrease from the $5.3 billion recorded in 2022. The 41.5 percent drop in profits reflects a challenging year marked by global adversities, as emphasized by the oil company. Despite facing multiple hurdles, Sonangol remains steadfast in its commitment to operational excellence. In 2023, Sonangol’s turnover experienced a decline of 18.6
