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

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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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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