Results & Dividends

Mobil Nigeria Q1 Profit Up 413.7%

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By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketing firm, Mobil Nigeria Plc on Monday said its profit before tax (PBT) climbed up 4.13.7 percent in its first quarter report for the period ended March 31, 2014.

PBT of the oil marketing company grew to N4.747 billion in the Q1 of 2014 from N924.097 million in the same period of 2013.

Similarly, profit after tax (PAT) increased 519 percent to N3.864 billion from N624.194 million in the corresponding period of 2013.

While revenue appreciated 17.1 percent to N22.410 billion in the first quarter of 2014 from N19.142 billion in the same period of 2013.

 

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