Forte Oil 2015 H1 Pretax Profit Falls 22.33%

By Yakubu LAAH Investadvocate

Lagos (INVESTADVOCATE)-Oil marketing firm, Forte Oil Plc on Friday said its half-half (H1) pretax profit for the period ended June 30. 2015 fell 22.33 percent to N3.255 billion from N4.191 billion a year ago.

Similarly, profit after tax (PAT) dipped 19.25 percent to N2.530 billion N3.134 billion reported in the same period of 2014.

Revenue of the company fell to N61.168 billion from N79.606 billion declared in the HI period of 2014, Forte Oil said in a filing to the Nigerian Stock Exchange (NSE).

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