Forte Oil Plc has declared N622.770 million in its half year result for the period ended June 30. This is contained in the result of the firm released to the Nigerian Stock Exchange (NSE) yesterday in Lagos.
Profit of the oil company in the half year period was N622.770 million as against loss after tax of N1.053 billion in the same period of 2011.
Profit before tax stood at N803.390 million during the period under review compared to loss before tax of N1.053 billion in 2011.
Revenue of the company went down from N43.077 billion in 2012 as against N53.269 billion recorded in 2011.
It also recorded N0.64 kobo in earning per share during the half year as against negative earnings per share of N1.08 kobo in 2011.
However, the current selling price of Forte Oil share stood at N10.00 kobo per share.
