Forte Oil Says 9-Month Profit up 6.7%

By InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketer, Forte Oil Plc said on Friday its profit after tax (PAT) for the nine-month period ended September 30, 2015 climbed up 6.7 percent to N4.285 billion from N4.106 billion recorded a  year ago.

Similarly, profit before tax (PBT) inched up 1.6 percent to N5.288 billion from N5.203 billion posted the same period of 2014.

However, revenue declined from N122.58 billion in the nine-month period of 2014 to N91.62 billion in the review period of 2015, the company said in a filing with the Nigerian Stock Exchange (NSE).

Shares of Forte at the close of trading on the Nigerian bourse on Friday grew 3.70 percent to N280.00 from N270.00 recorded the previous session; gaining N10.00 per share.

Comments are closed.