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Home Industries Corporate Press Releases

[Corporate Action] Forte Oil Records N5bn In Pre-tax Profits For Q3′ 2015

Research Team by Research Team
October 16, 2015
in Corporate Press Releases
[DEAL] Forte Oil Confirms Mercuria Acquisition
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Forte Oil Plc released its financial results for the nine months ended 30th September 2015. The results showed a 25% drop in revenue from N122 billion in Q3 2014 to N91 billion in Q3 2015. Pre-tax profits rose marginally by 1.63% in 2015.

See Summary of the result below…

FORTE OIL PLC Q3 2015 Sep-15 Sep-14 % Change
N’bn N’bn
Revenue 91,615 122,580 -25.26%
Gross Profit 12,979 13,294 -2.37%
Operating Expenses -10,063 -7,788 29.21%
Pre-tax Profits 5,288 5,203 1.63%
Profit After tax 4,284 4,015 6.70%
Current Share Price  N270

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