MRS Declares N990.71m Loss in Q2 2019 Result, (SP:N20.85k)


Thursday, August 01, 2019  / 03:15M / NSE

MRS Oil Nigeria Plc released its unaudited second quarter results for the period ended June 30, 2019.


Key Highlights

Revenue Declined by 52.34% to N29.78bn from N62.48bn in the previous quarter.

Loss Before Tax grew by 228% to N991m.

Loss After Tax grew by 295.97% to N990.71m.

Net Assets also Declined by 4.8% to N19.73bn from N20.72bn as at December 31, 2018.

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