FORTE OIL NIGERIA PLC.

FY:2016 Result - Financial Highlights (NGN Billion)

Statement of Comprehensive Income FY:2016 FY:2015 Y-o-Y Growth
Gross Revenue 148.6 124.6 19.3%
Cost of Sales (128.0) (106.3) 20.5%
Gross Profit 20.6 18.3 12.3%
OPEX (13.3) (13.7) -2.9%
Other Income 2.3 4.1 -42.0%
Net Finance (Cost)/Income (4.3) (1.7) 154.9%
PBT 5.3 7.0 -23.8%
Taxation (2.4) (1.2) 104.2%
PAT 2.9 5.8 -50.3%
Per share data FO Corporate Actions
Current Price 74.00 Proposed Dividend N/A
Trailing EPS 2.22
BVPS 33.3 Dividend Yield N/A
Price multiples/Ratios
Shares Outstanding(bn) 1.3 Qualification Date N/A
Trailing P/E 33.3x
P/BV 2.2x Closure Date N/A
RoAE (Annualised) 6.5%
RoAA (Annualised) 2.2% Payment Date N/A
Gross Profit Margin 13.9% 14.7%
Cost of Sales Margin 86.1% 85.3% AGM Venue N/A
OPEX Margin 9.0% 11.0%
Net Margin 1.9% 4.7% AGM Date N/A
Debt to Equity 114.1% 82.1%
Statement of Financial Position FY:2016 FY:2015 % Growth
Inventories 4.7 10.1 -53.9%
Trade and Other Receivables 46.8 34.9 34.2%
Cash and Cash equivalents 17.0 11.7 45.7%
Total Borrowings 49.4 38.0 30.1%
Total Liabilities 97.4 75.5 29.1%
Total Assets 140.8 121.8 15.6%
Total Equity 43.3 46.3 -6.4%