By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Mobil Oil Nigeria Plc Tuesday said it has recorded a N954.392 million Profit After Tax (PAT) for the Second Quarter (Q2) Report for the Period Ended June 30 2012.

This is contained in the Result Announcement of the Firm to the Nigerian Stock Exchange (NSE) and made available to www.investadvocateng.com in Lagos Nigeria.

The N954.392 million reported in the Q2 2012 Period of the Oil Marketing Company is a 41144.3 percent (41144.3%) increase in PAT compared to N2.314 million posted in the Q2 of year 2011.

Profit Before Tax (PBT) on its part declined by 58.6% in the Q2 period of year 2012 as the Company recorded N3.413 billion in Q2 of year 2011 compared to N1.413 billion in year 2012.

Turnover also increased from N29.134 billion in the Q2 of 2011 Compared to N42.575 billion in the Q2 of 2012; showing an increase 46.1% in the review period.