Forte Oil Projects N3Billion Profit After Tax For 2013

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. According to the company, the projection is based on improved sales […]

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.

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.