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Home Companies Company News

[Corporate Action] Mobil Nigeria Plc Records a 39% Drop In Profits For Q3’2015

Editor by Editor
October 23, 2015
in Company News
Exxon Mobil Accuses FG Of Defaulting On Cash Obligations
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Mobil Nigeria Plc released its financial results for the 9 months ended September 2015.

The result showed dropped by 25%, from N60 billion in Q3′ 2014 to N45 billion in Q3′ 2015.

Profit before tax also declined by 33%.

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See Summary of the result below…

Mobil Nigeria PLC 9months20152014% Change
N’bnN’bn
Revenue45,32660,717-25.35%
Gross Profit8,2088,458-2.96%
Operating Expenses-6,228-5,25618.49%
Pre-tax profits5,2477,894-33.53%
Profit After Tax3,6495,995-39.13%
Current Share Price 154

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Tags: Mobil Oil Nigeria PlcNews Review
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Editor

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