MRS Declares N2.3bn Loss in 2020 Audited Results, (SP:N10.90k)

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Monday, April 26, 2021 / 06:22 PM / NGX Group / Header Image Credit: MRS Oil Nigeria 


MRS Oil Nigeria Plc released its 2020 Audited results for the period ended December 31st, 2020.


Key Highlights

  • Revenue declined by -36% to N42bn from N66bn in the previous quarter.

  • Loss before tax stood at N2.7bn.

  • Loss after tax stood at N2.3bn.

  • Net Assets declined by -12% from N19bn to N17bn.


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