Forte Oil H1 Profit Rise 125.3%

By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Petroleum marketing firm, Forte Oil Plc on Friday said its half-year (H1) 2014 post tax profit climbed up 125.3 percent to N3.134 billion from N1.391 billion reported in the same period of 2013.

Similarly, pre tax profit grew 152 percent to NN4.191 billion in the H1 period of 2014 from N1.663 billion recorded in the corresponding period of 2013.

Revenue also increased 32.8 percent to N79.606 billion in the first half of 2014 from N59.960 billion declared in the same quarter of 2013.

 

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