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Home Business News

Forte Oil releases Q1 2018 results

Onome Ohwovoriole by Onome Ohwovoriole
April 13, 2018
in Business News, Markets, Stock Market
Forte Oil releases FY 2017 results

Akin Akinfemiwa, Group Chief Executive Officer, Forte Oil Plc

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Forte Oil Plc today released its financial statements for the first quarter ended March 2018. Revenue increased from ₦33 billion in 2017 to ₦39 billion in 2018. Profit before tax rose from ₦2 billion in 2017 to ₦3.1 billion in 2018. Profit after tax moved from ₦1.8 billion in 2017 to ₦2.9 billion in 2018.

 

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Here is a copy of the result.


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Tags: Forte Oil
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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