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11 Plc (formerly Mobil Oil Nigeria Plc) today released its financial statements for the period ended Q1 March 31st 2018.

Here are the key highlights of the results;

Revenue

The company reported Revenue of ₦45.08 billion for the period ended March 2018 compared to ₦25.17 billion reported for the period ended March 2017. This represents a 79% increase for the comparative period in 2017.

Profit Before Tax

Profit before tax was ₦4.08 billion for the period ended March 2018, a 9,381% Increase from the ₦43.34 million reported for the period ended March 2017.

Profit After tax

The company’s profit after tax for the period ended March 2018 was ₦2.76 billion compared to ₦13.06 million reported March 2017. This represented a 21,100% increase for the comparative period in 2017.

Zimvest

Earnings Per Share 

11 Plc also reported earnings per share of 764 kobo for the period ended March 2018 compared to 4 kobo reported for the period ended March 2017. This represents a 19000% increase for the comparative period in 2017.

DOWNLOAD 11 PLC 2018 RESULTS.

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