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Mobil Nigeria Plc reports blow out results

Nairametrics by Nairametrics
March 24, 2015
in Uncategorized
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Mobil Nigeria Plc released its 2014 FY results showing revenues rose 1.1% to N79.5billion (N78.7billion). Pre-tax profits for the period was N8.4billion 65% higher than N5.1billion posted a year earlier. Profit after tax for the period was N6.3billion 83% higher than the N3.4billion posted a year earlier.

A main major contributor to this year’s higher profits was a profit of sale of non-current assets of N2.8billion which the company reported in the final quarter of the year.

Mobil also proposed a dividend of N6.6 per share with a closure of April 29, 2015.

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Tags: Mobil Oil Nigeria PlcNigerian Company Results
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Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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