FORTE OIL NIGERIA PLC.

FY:2017 Result - Financial Highlights (NGN Billion)

Statement of Comprehensive Income FY:2017 FY:2016 Y-o-Y Growth
Gross Revenue 129.4 148.6 -12.9%
Cost of Sales (105.3) (128.0) -17.7%
Gross Profit 24.1 20.6 17.1%
OPEX (11.9) (13.3) -10.5%
Other Income 2.1 2.3 -12.3%
Net Finance (Cost)/Income (3.6) (4.3) -15.2%
PBT 10.6 5.3 99.0%
Taxation 1.6 (2.4) nm
PAT 12.2 2.9 323.0%
Per share data FO Corporate Actions
Current Price 42.00 Proposed Dividend N/A
EPS 2.89
BVPS 42.4 Dividend Yield N/A
Price multiples/Ratios
Shares Outstanding(bn) 1.3 Qualification Date N/A
P/E 14.5x
P/BV 1.0x Closure Date N/A
RoAE (Annualised) 24.8%
RoAA (Annualised) 8.5% Payment Date N/A
Gross Profit Margin 18.6% 13.9%
Cost of Sales Margin 81.4% 86.1% AGM Venue N/A
OPEX Margin 9.2% 9.0%
Net Margin 9.4% 1.9% AGM Date N/A
Debt to Equity 58.5% 114.1%
Statement of Financial Position FY:2017 FY:2016 % Growth
Inventories 6.1 5.4 13.0%
Trade and Other Receivables 68.1 46.8 45.6%
Cash and Cash equivalents 1.8 17.0 -89.6%
Total Borrowings 32.3 49.4 -34.6%
Total Liabilities 92.0 97.4 -5.6%
Total Assets 147.2 140.8 4.6%
Total Equity 55.3 43.3 27.6%
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