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Nairametrics
Home Companies Company News

Forte Oil Projects N3Billion Profit After Tax For 2013

Ugodre Obi-chukwu by Ugodre Obi-chukwu
June 14, 2013
in Company News
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Forte Oil Plc (formerly African Petroleum Plc) has projected a profit after tax of N3bn for the 2013 financial year.

The company said it hoped to achieve this on the back of strategic decisions it had carried out following its restructuring in 2011.

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According to the company, the projection is based on improved sales signaling that the company is set to sustain its recovery process, which began at the end of the 2012 financial year.

Forte Oil projects N3bn profit for 2013

Tags: Forte OilNews Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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