Forte Oil Q3 hit the market yesterday with;
- Revenue of N36.7bn mixed; -24.9% q/q; +20.4% y/y
- Profit before tax of N1.4bn down; -53.7% q/q; -32.6% y/y
- Profit after tax of N0.6bn down; -55.9% q/q; -67.9% y/y
Forte TRW E-trader:
- Total volumes traded 102,759 units
- Total volumes on offer 254,923 unuts
- Total bids: NIL
FORTE OIL WEEKLY REPORT:
- Current market price at N152.00 is within the March 2015 support levels
- This current level will determine a Break/Fade rally (Consolidate within these levels or a Continuation of Current bear trend.
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