By InvestAdvocate

Lagos (INVESTADVOCATE)- Oil marketing firm, Forte Oil Plc on Thursday said its pretax profit for the period ended December 31, 2015 climbed up 16.7 percent to N7.012 billion from N6.006 billion recorded a year ago.

Similarly, profit after tax (PAT) grew 30 percent to N5.794 billion from N4.457 billion recorded the same period of 2014.

However, revenue dropped from N170.12 billion in the 2014 audited year end to N124.61 billion in the review period of 2015, indicating a decline of 26.8 percent, Forte said in a filing with the Nigerian Stock Exchange (NSE).