Forte Oil Declares N5.26bn PAT in Q3 2019 Results; Revenue Grew by 30.3%,(SP:N15.90k)


Wednesday, October 30, 2019  /6:05 PM / By NSE / Header Image Credit: Nairametrics

Forte Oil Plc released its Q3 unaudited 2019 results for the period ended September 30th, 2019.

Key Highlights

Revenue grew by 30.3% to N123.55bn from N94.81bn in the previous quarter.

Profit before tax grew by 912.1% to N6.54bn.

Profit after tax grew by 1408.0% to N5.26bn.

Net Assets grew by 27.3% to N17.51bn from N13.75bn as at December 31, 2018.

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Corporate Earnings Released So Far in Q3 2019

1.      MTNN Declares N148.32bn PAT in Q3 2019 Results;(SP:N127.00k)

2.     DANGSUGAR Declares N14.7bn PAT in Q3 2019 Result,(SP:N10.35k)

3.     TRANSCORP Declares N6.74bn PAT in Q3 2019 Results,(SP:N1.05k)

4.     MANSARD Declares N2.11bn PAT in Q3 2019 Result,(SP:N1.65k)

5.     NCR Declares N293.5m PAT in Q3 2019 Results,(SP:N4.50k)

6.     BETAGLAS Declares N3.91bn PAT in Q3 2019 Result, (SP:N53.80k)

7.     NEM Declares N2.04bn PAT in Q3 2019 Result, (SP:N2.00k)

8.     NIGERINS Declares N323.082m Loss in Q3 2019 Results,(SP:N0.20k)

9.     UNILEVER Declares N541m PAT in Q3 2019 Results,(SP:N26.70k)

10.  AGLEVENT Declares N904.25m Loss in Q3 2019 Results,(SP:N0.28k)

11.   CHELLARAMS declares N1.07bn Loss in Q2 2019 Results, (SP:N3.08k)

12.  TRIPPLEG Declares N11.75m PAT in Q1 2019 Results, (SP:N0.64k)

13.  NESTLE Declares N36.84bn PAT in Q3 2019 Result,(SP:1220.00k)

14.  AIICO Declares N4.69bn PAT in Q3 2019 Results,(SP:N0.69k)

15.  OMOSAVBNK Declares N66mn PAT in Q3 2019 Results,(SP:N0.55k)

16.  MCNICHOLS Declares N15.44 million PAT in Q3 2019 Results,(SP:N0.49k)

17.  FIDSON Declares 273mln Profit in Q3'19 Results;(SP:N4.00k)

18.  SCOA declares N277.86m Loss in Q3 2019 Results,(SP:N2.93k)

19.  STERLNBANK Declares N7.58bn PAT in Q3 2019 Results,(SP:N2.00k)

20. FIDELITYBK Declares N21.46bn PAT in Q3'19 Results;(SP:N1.70k)

21.  SEPLAT Declares N56.65 billion PAT in 2019 Q3''19 Results,(SP:N517.00k)

22. INTBREW Declares N16.445bn Loss in Q3 2019 Results,(SP:N12.60k)

23. LASACO Declares N652m PAT in Q3 2019 Results, (SP:N0.26k)

24. CONOIL Declares N1.7bn PAT in Q3 2019 Results,(SP:N15.40k)

25. EQUITYASUR Declares N366m Loss in Q3''19,(SP:N0.20k)

26. LINKASSURE Declares N592m PAT in Q3 2019 Result,(SP:N0.51k)

27. DAARCOMM Declares N629.598mln Loss in Q3 2019 Result,(SP:N0.40k)

28. BERGER Declares N215.697m PAT in Q3 2018 Results,(SP:N7.50k)

29. REDSTAREX Declares N276.878m PAT in Q2 2019 Results,(SP:N4.05k)

30. ABBEYBDS Declares N85.9m profit in Q3 2019 Results,(SP:N1.00k)

31.  EKOCORP Declares N124.76 Loss in Q3'19 Results,(SP:N3.37k)

32. CHAMPION Declares N284.419m PAT in Q3 2019 Results,(SP:N1.02k)

33. INITSPLC Declares N19.28m PAT in Q3 2019 Results,(SP:N0.75k)

34. OANDO Declares N13.06bn PAT in Q3 2019 Results (SP:N3.40k)

35. RTBRISCOE Declares N681m Loss in Q3 2019 Result,(SP:N0.25k)

36. NNFM declares N153.32 Loss After Tax in Q2'19 Results,(SP:N4.30k)

37. UNIONDICON Releases Q2 and Q3 2019 Results; Declares N122m Loss in Q3,(SP:N12.15k)

38. Lafarge Africa Declares N20.57bn PAT in Q3 2019 Results,(SP:N14.70k)

39. LIVESTOCK Declares N9.57m PAT in Q3 2019 Result, (SP:N0.50k)

40. ETI Declares N78.84bn PAT in Q3'19,(SP:N7.10k)

41.  NB declares N12.27bn PAT in Q3'19 result; (SP:N46.05k)

42. UNITYBNK Declares N1.48bn PAT in Q3 2019 Results,(SP:N0.63k)

43. AIRTELAFRICA Declares $228m PAT in Q2 2020 Result, (SP:N308k)

44. Corporate Earnings For The Week Ending 251019 - ZENITHBANK Declares N150.72bn PAT in Q3 2019 Results 


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Related News

1.      Forte Oil Plc 9M'19 - Disposal Gain Continues To Mask Weak Operating Performance

2.     Forte Oil Notifies of Take-Over Offer from Ignite Investments and Commodities Limited

3.     Forte Oil Plc Announces Resolutions Passed at Its 40th AGM Held On Sept 03, 2019

4.     FO: Proposed Take Over By Ignite Investment and Commodities Limited Still Under Review By Regulators

5.     Forte Oil Plc Releases Document On Take Over Offer By Ignite Investments And Commodities Limited

6.     FO to Hold 40th AGM on September 3 2019

7.     FO Declares N5.45bn PAT in Q2 2019 Result,(SP:N18.30k)

8.     Forte Oil Plc Gets CAC Approval For The Extension of Time To Convene Its 40th AGM

9.     FO Appoints Oladeinde Nelson-Cole As Acting Company Secretary And General Counsel

10.  FO Notifies of the Company's Board Meeting and Closed Period

11.   Forte Oil Plc Notifies of the Resignation of the Company's General Counsel and Secretary

12.  FO Declares N650m PAT in Q1 2019 Results; Approves Special Dividend of N1.15 per Share (SP:N34.95k)

13.  FO Announces Resignation and Appointment of its Board of Directors

14.  Femi Otedola: From FO to Geregu

15.  Forte Oil Plc - Business Repositioning Signals New Dawn - May 17, 2019

16.  Forte Oil Plc Notifies Of Divestment and Sales Of Its Subsidiaries - May 04, 2019

17.  Forte Oil Plc Holds Extraordinary General Meeting On February 7th, 2019

18.  Forte Oil Denies Involvement With Skye Bank Insider Related Loans

19.  Forte Oil Plc: Will Planned Divestment Unlock Value?

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