By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketing firm, Forte Oil Plc said on Thursday its profit after tax (PAT) declined 11 percent to N4.456 billion in the 2014 audited year end from N5.004 billion recorded in 2013, the company said in a filing with the Nigerian Stock Exchange.

Similarly, profit before tax (PBT) dropped 7.94 percent to N6.006 billion in 2014 end from N6.524 billion in the same period of 2013.

However, revenue climbed up from N128.02 billion in 2013 end to N170.12 billion in the review period of 2014; indicating a growth of 33 percent.

The company has proposed a dividend of N2.40 compared to N4.00 paid in year 2013 end; while offering shareholders one (1) bonus share for every five (5) held.

At the end of today’s trading on the floor of the Nigerian bourse, share price of the company gained N6.94; climbing up 3.23 percent.