By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-Oil marketing firm, Forte Oil Plc said on Thursday its 2015 first quarter (Q1) profit before tax (PBT) declined 33.6 percent to N842.3 million from N1.26 billion recorded the same period of last year.
Similarly, profit after tax (PAT) dipped 28.9 percent to N783.1 million from N1.10 billion reported in the Q1 of 2014.
Revenue decreased from N34.7 billion declared in the corresponding period of 2014 to N33.06 billion in the review period of 2015; indicating a marginal decrease of 4.9 percent, Forte said in a filing with the Nigerian Stock Exchange (NSE).
