July 31, 2017/InvestmentOne Research

Forte Oil released its Q2 2017 results earlier today.

Please find key highlights below:

·         Revenue of N32.6bn; down -1.1% q/q; -33.1% y/y

·         Profit before tax of N2.7bn; up +31.2% q/q; down -9.2% y/y

·         Profit after tax of N2.2bn; up +18.1% q/q; +74.0% y/y

Please click to download a copy of the financial statements.