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Nairametrics
Home Business News

Forte Oil releases FY 2017 results

Onome Ohwovoriole by Onome Ohwovoriole
March 29, 2018
in Business News, Company News
Forte Oil releases FY 2017 results

Akin Akinfemiwa, Group Chief Executive Officer, Forte Oil Plc

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Forte Oil Plc late yesterday released its financial statments for the year ended December 2017. Revenue dropped from N148 billion in 2016 to N129 billion in 2017.

Profit before tax increased from N5.3 billion in 2016 to N10.6 billion in 2017. Profit after tax rose massively from N2.89 billion in 2016 to N12.2 billion in 2017.

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Here is a copy of the result.


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Tags: 2017 FY resultsForte 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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