Japaul Oil Post N5.5 Billion Loss in Third Quarter’18

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November 20, 2018

By InvestAdvocate

Lagos (INVESTADVOCATE)-Japaul Oil & Maritime Services Plc said on Monday it posted a loss of N5.5 billion in the third quarter (Q3) report ended September 30, 2018 compared to a negative of N5.2 billion recorded  a a year ago; indicating further a loss of 4.86 percent.

In the same vein, the company declared a loss before tax of N5.5 billion compared to a further loss of N5.2 billion declared the same period of 2017.

Japaul oil  said its revenue dropped 23.62 percent to N776.81 million in the review period of 2018 from N1.02 billion recorded the corresponding period of 2017.

 

 

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