April 18, 2017/InvestmentOne Research
Forte Oil released its Q1 2017 results last Thursday.
Please find key highlights below:
· Revenue of N33.00bn; up +19.9% q/q; down -7.3% y/y
· Profit before tax of N2.05bn against a -N293m loss before tax in Q4 2016
· Profit after tax of N1.88bn; up +1913% q/q; +97.5% y/y