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Nairaland Forum / Nairaland / General / Business / Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. (4246 Views)
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Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by Nobody: 5:39pm On Oct 16, 2017 |
In the recent Forte Oil Plc unaudited Q3 ended September 30th 2017 report, revenue fell by 20%. Net income came in higher by 81.4% against comparable period of 2016. It was essentially due to an 82% reduction in tax paid. Highlights: Decline in Revenue was significantly impacted due to a 41% reduction in its Fuels business, which involves sales & distribution of petroleum products and ATK to its clients. Cost of sales and Distribution expenses both went down by 24.3% and 57% respectively. Pre-tax profit weakened by 0.8% due to the 84.5% expansion in net finance cost. However, Profit after tax received a boost, experiencing a growth of 81.4%. This occurred as a result of an 82% dip in tax paid. Q3 2017 EPS stood at 50K compared to ₦2.27k the previous year representing a 78% decline, despite the huge increase in PAT. This occurred as 87.1% from the total profit realized was returned to non-controlling interest holders. Shareholders’ fund grew by 5.57%. Kindly find in the link the Corporate Brief of the firm. SOURCE: https://brandspurng.com/forte-oil-plc-q3-result-ended-sept-2017-profit-after-tax-experienced-a-growth-of-81-4/
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Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by Nobody: 7:22am On Oct 17, 2017 |
81.4% ? Oil business. |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by Nobody: 7:27am On Oct 17, 2017 |
82% Net income, yet it didn't have any effect on the economy. like for Fayose - share for Buhari. 4 Likes 4 Shares |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by omoadeleye(m): 7:29am On Oct 17, 2017 |
G |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by Nobody: 7:29am On Oct 17, 2017 |
Business keeps booming. 3 Likes |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by Nobody: 7:29am On Oct 17, 2017 |
Believe these figures at ur peril. Only a ploy to get pple to come invest in a heavyly indebted company . otedola go nd pay ya loan and stop restrurcturing 1 Like |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by Nobody: 7:29am On Oct 17, 2017 |
This is why we need restructuring, so that we can allocate our oil block to the Niger deltans. |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by timilehing(m): 7:31am On Oct 17, 2017 |
Both SuperVisco & Visco2000 quality has been reduced so why won't you experience miraculous profits 1 Like |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by redon12(m): 7:32am On Oct 17, 2017 |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by libertyhope2017: 7:39am On Oct 17, 2017 |
90% of Yorubaa so-called billionaires made their money from Niger Delta oil. 1 Like |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by Beedazzler(m): 7:42am On Oct 17, 2017 |
waheva |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by Nobody: 7:52am On Oct 17, 2017 |
Life just become more Eazy for Mr Eazy. 4 Likes
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Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by ADENIKETINA2015(f): 7:55am On Oct 17, 2017 |
S |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by Nobody: 8:05am On Oct 17, 2017 |
libertyhope2017:did you see the bolded, MADE!!! They cashed out already whilst you are there crying... O Boy, go find wetin go give you money and stop to dey complain. Why you no quick make the money.. because you lack foresight! 2 Likes |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by Realdeals(m): 8:13am On Oct 17, 2017 |
Bigger profit after 2019, the company has been appointed as the sole distributor for Dangote refinery. |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by maasoap(m): 8:39am On Oct 17, 2017 |
Capitalism, here I come. |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by grandstar(m): 8:57am On Oct 17, 2017 |
libertyhope2017: Otedola does not own an oil block. Rather, he is the largest importer of diesel into Nigeria. Only Alakija is fully guilty of your assertions. 1 Like |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by libertyhope2017: 9:00am On Oct 17, 2017 |
grandstar: He owns oil blocks indirectly; awarded to companies with interest. |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by sisisioge: 9:00am On Oct 17, 2017 |
Jisos! Isn't that too much? Gosh, kudos to the last consumers who gave credence to this claim. May God continue to replenish your purses. May Buhari receive sense in Jesus name. |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by SalamRushdie: 9:51am On Oct 17, 2017 |
tripleY: Do the books in dollars and you will see there was no growth , our naira is not stable enough to be used in computing P&L books |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by arsenal33: 9:52am On Oct 17, 2017 |
libertyhope2017:VICTIM MENTALITY. |
Re: Forte Oil Plc.Q3 Result 2017: Profit After Tax Experienced A Growth Of 81.4%. by Nobody: 12:13pm On Oct 17, 2017 |
More money for DJ cuppy |
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