By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s oil marketing major, Mobil Oil Nigeria Plc said on Tuesday its pretax profit for the period December 31, 2015 dropped 18.23 percent to N6.91 billion from N8.45 billion recorded a year ago.

Similarly, profit after tax (PAT) declined 24 percent to N4.87 billion from N6.40 billion posted the same period of 2014.

Revenue of Mobil also declined from N79.58 billion in 2014 to N64.22 billion in the review period of 2015; indicating a decline of 19.30 percent, according to the oil marketing major in a filing with the Nigerian Stock Exchange (NSE).

In its corporate action to the NSE, Mobil said its proposing a dividend of N7.20 per share compared to N6.60 paid in 2014; showing an increase in dividend of 9.09 percent.

Mobil Nigeria said qualification and closure date of register of members is April 27 and April 28, 2016 respectively, and annual general meeting (AGM) has been scheduled for May 25, 2016. The oil marketer said payment date for the N7.20 per share dividend is June 1, 2016.

Click here to download Mobil Oil Nigeria Plc 2015 Audited Year End Report