Alert: Forte Oil Reports N5.3 billion Pre-Tax Profit (2016 FY)

Forte Oil Plc released its 2016 result for the year ended 31 December 2016 ; See below

Revenue N’million

2016 9 Months | N148,605

2015 9 Months | N124,617

%age Change| 19%

Pre-Tax Profit   N’million

2016 9 Months| N5,340

2015 9 Months| N7,012

%age Change|    -24%

EPS (kobo)

2016 9 Months| 199k

2015 9 Months| 433k

%age Change| -54%

This result was officially released on the  31st of  January 2017.

[gview file=”https://cdn.nairametrics.com/wp-content/uploads/2017/01/FORTE_OIL_PLC_AUDITED_DEC_2016_FINANCIAL_STATEMENTS_JANUARY_2017.pdf”]

Source: Nigerian Stock Exchange