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11 Plc, Ardova post N1.8bn profit in first quarter 2020

11 Plc, formerly Mobil Nigeria Plc, and Ardova Plc, formerly Forte Oil Plc, both recorded double-digit growth in their revenues in the first quarter of 2020. 11 Plc grew its Q1 2020 revenue by 17.8 percent to N54.28 billion up from N46.07 billion in Q1 2019. But its cost of sales mirrored revenue generation in…

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