MRS Oil Nigeria Plc has reported a pre-tax profit of N3.411 billion for the Q2 ended June 30, 2024, representing 190.96% year-on-year (YoY) increase.
Shareholders of MRS Nigeria Limited have approved the voluntary delisting of the company’s shares from the Nigerian Exchange Limited.
The board of MRS Oil Nigeria Plc has said that as part of exit consideration from the Nigerian Exchange Limited (NGX), it will pay dissenting shareholders N135.00 per ordinary share of 50 kobo each.
The company will at the company’s Extraordinary General Meeting (EGM) request shareholders endorsement to voluntarily delist from the daily official list of Nigerian Exchange Limited (NGX).
This week on "Follow the Money" with Ugodre and Uade Ahimie, we welcomed Uche Joshua Ifeakanwa, Managing Director...
MRS Oil Nigeria Plc has reported a pre-tax profit of N3.076 billion for the Q1 ended March 31, 2024, representing 58.34% year-on-year (YoY) increase.
The company will also seek shareholders’ approval that the company's Memorandum and Articles of Association (MemArts) will be modified to allow for a share buyback and share capital reduction.
MRS Oil Nigeria Plc has proposed a final dividend of N2.36 per ordinary share for the period ended December 31, 2023. The proposed dividend payment by MRS Oil makes it the first time the company is paying dividends to its shareholders since 2017 when it paid N1.73 per ordinary share of 50k.
They often say that every situation has two sides. The removal of fuel subsidies and the devaluation of the Naira in 2023 have had widespread effects on the economy and companies.
As trading closed for the year in the NGX, the market shifted to new frontiers, the All-Share Index hit an all-time high of 74,773.77 points, while the market capitalization fell short of N41 trillion, closing at N40.92 trillion.
In 2022, MRS Oil's stock outperformed the broad market with a YtD return of 28.42%, compared to the NGX All-Share Index (NGXASI) return of 19.98%.
MRS Oil Nigeria Plc recorded a profit before tax of N1.84 billion in Q3 2023, representing an 83.3% year-over-year increase from the corresponding quarter in 2022.
