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Home Markets Equities Stock Market

[Corporate Action] Forte Oil Records 30% Rise In PAT In 2015

Research Team by Research Team
January 29, 2016
in Stock Market
[DEAL] Forte Oil Confirms Mercuria Acquisition
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Forte Oil released its financial results for the year end 31 December, 2015.

The results showed that revenue dropped by 26.7% from N170 billion in 2014 to N124 billion in 2015.

Gross Profit also fell by less than 1% from N18.4 billion to N18.3 billion.

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Pre-tax profit rose by 16.75% from N6 billion in 2014 to N7 billion in 2015.

Profit after tax however rose by 30% from N4.4 billion in 2014 to N5.7 billion in 2015.

Forte Oil share price was N297.83, down 5% from previous trading as at press time

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Tags: Forte OilNigerian Company ResultsOIl and Gas News
Research Team

Research Team

The Research Team at Nairametrics meticulously monitors, gathers, curates, and administers an extensive repository of both macroeconomic and microeconomic data originating from Nigeria and across Africa. Utilizing a variety of presentation formats—including documents, tables, and charts—our analysts disseminate key findings through the Nairametrics platform. Additionally, we regularly release insightful, research-driven articles that offer in-depth analyses of economic trends and indicators.

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