By InvestAdvocate

Lagos (INVESTADVOCATE)-Eterna Oil & Gas Plc operating in the Petroleum Marketing sector of the Nigerian Stock Exchange (NSE) Monday reported a 99.8 percent (99.8%) loss in its Unaudited Third Quarter (Q3) Report for the period ended September 30 2011.

This was contained in the Result Announcement by the Firm to the NSE and obtained by www.investadvocateng.com in Lagos Nigeria.

A review of the year 2011 Q3 Report of Eterna Oil & Gas shows that Profit After Tax (PAT) slipped from N651.918 million in Q3 of 2010 to N1.078 million in the corresponding period of year 2011; indicating a loss of 99.8% in the review period.

Profit Before Tax (PBT) increased from N958.703 million in the Q3 of 2010 to N1.586 billion in the same period of year 2011; showing an increase of 65.4%.

While Turnover increased from N11.157 billion in Q3 of 2010 to N27.571 billion in the same period of year 2011; representing an increase in PAT of 147.1% in the period under review.