By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Top oil marketing firm, Mobil Oil Nigeria Plc Monday said its profit before tax (PBT) increased 25.7 percent (25.7) as it recorded N4.076 billion in 2012 compared to N5.123 billion in the review period of 2013.

Also, profit after tax (PAT) grew by 20.9 percent (20.9%) as the company reported N3.480 billion in 2013 compared to N2.878 billion in 2012.

However, revenue dropped slightly by -2.5% as Mobil Nigeria recorded N78.744 billion in 2013 compared to N80.801 billion in 2012.

In the same vein, the oil marketer increased its dividend payment to shareholders 20% as it proposed a N6.00 per share dividend for its 2013 audited year end.

To increase its dividend in the review period, the company in 2012 paid a N5.00 per share dividend compared to the proposed N6.00 for 2013.

Mobil Nigeria said closure date of register of members is April 29-30, 2014, and said its annual general meeting (AGM) will be on May 28, 2014 at the Shell Hall of the Muson Centre in Lagos Nigeria.

The oil marketer said payment date for the N6.00 per share dividend is June 06, 2014.