By InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketing firm, Mobil Oil Nigeria Plc said on Thursday its profit after tax (PAT) declined 39.1 percent to N3.650 billion from N5.996 billion recorded a year ago.

Similarly, pretax profit in the review period dropped 33.5 percent to N5.248 billion from N7.895 billion reported the same period of 2014.

Revenue also depreciated from N60.718 billion in the Q3 of 2014 to N45.326 billion in the review period of 2015; showing a decrease of 25.3 percent, according to Mobil in a filing with the Nigerian Stock Exchange (NSE).