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%.
See Summary of the result below…
| Mobil Nigeria PLC 9months | 2015 | 2014 | % Change |
| N’bn | N’bn | ||
| Revenue | 45,326 | 60,717 | -25.35% |
| Gross Profit | 8,208 | 8,458 | -2.96% |
| Operating Expenses | -6,228 | -5,256 | 18.49% |
| Pre-tax profits | 5,247 | 7,894 | -33.53% |
| Profit After Tax | 3,649 | 5,995 | -39.13% |
| Current Share Price | 154 |
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