March 28, 2018

By InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketer, Forte Oil Plc on Thursdaysaid its post-tax profit for the period ended December 31, 2017 grew 323 percent to N12.22 billion from N2.89 billion posted a year ago

Pretax profit of the company also increased 99 percent to N10.62 billion from N5.32 billion declared the corresponding period of 2017.

Revenue declined from N148.60 billion in 2016 year end to N129.44 billion in the review period of 2017; representing drop of 12.9 percent, Forte Oil said in a filing with the Nigerian Stock Exchange (NSE).