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.
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.
