Forte Oil Plc, Financial Results



Forte Oil Plc, Financial Results

Financial Results - Forte Oil Plc
Third Quarter Ended 30th September, 2018
2018
N (Millions)
2017
N (Millions)
Percentage Difference
Gross Earnings 94,812.53 68,031.34 39%
Profit Before Tax 375.89 (474.61) -179%
Tax (297.16) (151.44)
Profit After Tax 78.73 (626.06) -113%
Second Quarter Ended 30th June, 2018
2018
N (Millions)
2017
N (Millions)
Percentage Difference
Gross Earnings 61,826.95 46,702.74 32%
Profit Before Tax 390.82 677.43 -42%
Tax (294.28) (343.36)
Profit After Tax 96.54 333.74 -71%
Third Quarter Ended 30th September, 2017
2017
N (Millions)
2016
N (Millions)
Percentage Difference
Gross Earnings 96,887.38 121,083.28 -20%
Profit Before Tax 5,585.47 5,633.06 -1%
Tax (511.58) (2,836.23)
Profit After Tax 5,073.89 2,796.83 81%
Year Ended 31st December, 2017
2017
N (Millions)
2016
N (Millions)
Percentage Difference
Gross Earnings
Profit Before Tax
Tax
Profit After Tax
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