By InvestAdvocate

Lagos (INVESTADVOCATE)-Top oil marketing firm, Mobil Oil Nigeria Plc said on Tuesday its 2014 audited year end profit after tax (PAT) increased 84 percent to N6.39 billion from N3.48 billion recorded last year, the oil marketer said in a filing with the Nigerian Stock Exchange (NSE).

Also, profit before tax (PBT) grew by 64.9 percent to N8.44 billion from N5.12 billion reported in 2013.

However, revenue increased marginally by 1.1 percent as the company recorded N79.58 billion in 2014 compared to N78.744 billion in 2013.

In its corporate action to the NSE, Mobil Nigeria said its proposing a dividend of N6.60 per share compared to N6.00 paid in 2013; showing an increase in dividend of 10 percent.

Mobil Nigeria said closure date of register of members is April 29-30, 2015, and annual general meeting (AGM) has been scheduled for May 28, 2015 at the Shell Hall of the Muson Centre in Lagos Nigeria.

The oil marketer said payment date for the N6.60 per share dividend is June 04, 2015.