By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-Oil marketing company, MRS Oil Nigeria Plc said on Monday its pretax profit for the period ended December 31, 2014 climbed down 8.9 percent to N1.282 billion from N1.407 billion reported a year earlier.
On the contrary, the oil marketer reported its post tax profit climbed up 17.7 percent to N746.40 million from N634.41 million in the same period of 2013.
Revenue increased marginally from N87.786 billion in 2013 end to N92.325 billion in the review period of 2014; representing an increase of 5.2 percent, the company said in a filing with the Nigerian Stock Exchange (NSE).
MRS Oil Nigeria, in its corporate action filed with the NSE said it has proposed a dividend of 88 kobo per share dividend to shareholders of the company.
The company announced that closure date is 13th to 17th July, while its annual general meeting (AGM) and payment dates has been scheduled for August 5th and 6th respectively.
In 2012 financial year period, MRS Oil Nigeria according to the NSE’s corporate action last updated Tuesday November 2013 and from InvestAdvocate research, emerged the highest paying dividend company on the Nigerian bourse with N24.34 Kobo.
