By InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketer, Forte Oil Plc on Wednesday said its post-tax profit for the third quarter (Q3) period ended September 30, 2018 grew 80.1 percent to N9.13 billion from N5.1 billion posted a year ago.

Pretax profit of the company also plunged -179.2 percent to N375.9 billion from a negative N474.6 billion declared the corresponding period of 2017.

Revenue grew from N68.93 billion in 201t third quarter to N94.81 billion in the review period of 2018; representing an increase of 39.4 percent, Forte Oil said in a filing with the Nigerian Stock Exchange (NSE).