Coming on the heels of the just released results of Mobil Oil Nigeria plc, its share price has continued to increase in the market. Gaining 5 percent at the close of market yesterday, it also enjoyed investors patronage today as it closed at N364.64 kobo a 5 percent increase from what was recorded yesterday. Today it was the most active stock in the petroleum(marketing) sub sector of the Nigerian Stock Exchange. It traded a total of 1,502,777 units in 105 deals.

Its results for the half year ended June 30, 2008 showed that it grew its turnover during that period by 23.85 percent to N32.975 billion. Profit before tax increased to N1.819 billion showing an increase of 16.16 percent. After tax profit also appreciated by 16.78 percent to N1.232 billion.

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This entry was posted on Wednesday, August 20th, 2008 at 4:15 pm and is filed under Stock Market News. You can follow any responses to this entry through the RSS 2.0 feed. Tags: Mobil Oil Nigeria
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