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2014 FY Results : MRS Oil reports 17.6% increase in profits

Nairametrics by Nairametrics
March 30, 2015
in Uncategorized
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Revenue

MRS released its 2014 FY results showing revenues  5.17% to N92.3b (2013: N87.7b).

 

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Profitability

The company reported an 8.8% dip in pre-tax  profits N1.2b compared to the N1.4b reported a year earlier. However, profit after tax rose 17.6% N746.4m. The reason for the rise in profits was because tax charge dropped 30.6% year on year.

 

Shareholders

Earnings per share rose 17.6% to N2.94 compared to N2.5 in 2013. MRS Oil also proposed a dividend  of 88kobo higher than the 75kobo it proposed a year earlier. The register will be closed 13th  17th July 2015.

Tags: Nigerian Company Results
Nairametrics

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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