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Home [ MAIN ] Forte Oil Posts Over N4 billion Profit

Forte Oil Posts Over N4 billion Profit

Forte Oil Plc, grossed N4. 016 billion profits after tax in its year-end results of September 30, 2014, released on Wednesday for the third quarter.

The figure indicated a 46.72 per cent increase on the N2.737 billion it declared in the corresponding period of 2013.

According to the analysis of the results released by the Nigerian Stock Exchange (NSE) yesterday, the company’s revenue soared by 33.06 per cent to N122.58 billion compared to N92.13 billion recorded in 2013.

Similarly, its total assets leaped by 20.30 per cent to N125.92 billion as against the N104.68 billion recorded in the same period in 2013.



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