By InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketer, Forte Oil Plc on Monday said profit after tax (PAT) for the half-year (H1) period ended June 30, 2016 declined 11.8 percent to N2.23 billion from N2.53 billion recorded a year ago.

Pretax profit of the oil marketing company climbed up 30.9 percent to N4.26 billion from N3.25 billion declared the same period of 2015.

Similarly, revenue grew 38 percent to N84.42 billion from N61.16 billion in the corresponding period of 2015, Forte Oil said in a filing with the Nigerian Stock Exchange (NSE).