MRS Releases 2019 Audited, Q1 2020 Results; Declares N1.1bn Loss in Q1 2020,(SP:N13.80k)

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Friday, May 29, 2020 / 1:14 PM / NSE/ Header Image Credit: MRS Oil Nigeria


MRS Oil Nigeria Plc released its Q1 2020 Unaudited results for the period ended March 31st, 2020.


Key Highlights

  • Revenue grew by 32.3% to N17.9bn from N13.5bn in the previous quarter.

  • Loss before tax stood at N1.1bn.

  • Loss after tax stood at N1.1bn.

  • Net Assets declined by -5.5% to N18.1bn from N19.1bn.

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