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Home Industries 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 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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