Angola’s oil company Sonangol clarified last week that the release of the 2021 reports and accounts, independent audit and the opinion of the supervisory board, is pending the mandatory elements of the statutory forum.
In a press release reached ANGOP, the national oil company reacts to a 2021 Consolidated Report and Accounts, allegedly linked to Sonangol, circulated on social media.
According to Sonangol, despite having completed the process of closing the 2021 accounts on June 15, 2022, which followed the approval by its Board of Directors, on June 17 of this year, the accounts were not officially published, to date, due to the lack of mandatory elements of statutory forum.
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In February this year, the state-owned oil company announced that it achieved a positive operating result in 2021, having anticipated a return to profits that year, after having recorded losses of almost USD 5 million in 2020.
The provisional data announced, at the time, by the company’s CEO, Gaspar Martins, pointed to earnings before interest, taxes and amortization (EBITDA) of 3.357 million US dollars.
The figures were announced during the usual press conference to present the oil company’s provisional results on the date of its anniversary, held on 25 February.