Forte Oil released its interim consolidated financial results for the period ended 30 June 2017 ; See below
Revenue N’m
2017 6 Months | 65,648
2016 6 Months | 84,423
%age Change| -22%
Pre Tax Profit N’m
2017 6 Months| 4,739
2016 6 Months| 4,262
%age Change| 11%
Profit after Tax N’m
2017 6 Months| 4,110
2016 6 Months| 2,233
%age Change| 84%
EPS (Kobo)
2017 6 Months| 105k
2016 6 Months| 188k
%age Change| -44%
This result was officially released on the 31st of July
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I am still confuse how NSE work, a company release good results either the price is affected positively or negatively or remain stagnant.
What baffles me is that for a company like SEPLAT that is making billions of Lost the share price is 400 plus, why company making good profit cant even dream of 100 naira..well i am sticking to my policy of buying fundamental stocks oh…
Why did the price remain down despite declaring a profit?
I should have sold it at #60+.