Forte Oil Post Pre-Tax Profits For Q1 2013

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Forte Oil Plc released its 2013 Q1 earnings with revenue dipping year on year by 6% to N26.6billion. Operating profit also dipped 6% to N845million boosted by a more than complimentary income from other sources. Pre-tax profits of N633million was 32% higher than the prior year with the help of a 50% drop on net finance cost. Earnings per share at the end of the period was 44% higher at 49kobo for the quarter.

 

Forte Oil 2013 Q1 earnings report is posted on the website of the NSE