 The national engineering and technical company NETCO, subsidiary of the engineering national petroleum company NMPC Ltd, has reported a profit before tax of 4.31 billionaires for last year. NETCO's chairman and AME Adetungi, who spoke at the company's 32nd annual general meeting in Lagos, held the company for scaling the hurdles faced by the oil and gas industry as a result of COVID-19 and the global energy shift. Adetungi said NETCO has delivered a strong result as it posted a profit before tax of 4.31 billionaires, which represents an increase of 36% from 3.17 billion in 2020.