March 9, 2017/Cowry Asset Research
In the first nine months to 2016, Forte Oil Plc recorded somewhat lackluster year-on-year financial performance amid economic headwinds in a time of an economic recession, scarce foreign exchange and rising inflation. Turnover increased by 32.16% to N121.08 billion; however, profit after tax plunged by 34.72% to N2.79 billion
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