Forte Oil 2014 profit falls 8 per cent to N6bn

Forte Oil posted an 8 percent decline in annual pretax profit for last year to 6 billion naira ($30.17 million), the energy company said on Friday.

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Forte Oil said revenue rose 32.8 percent to 170.12 billion naira during the year. The company would pay a dividend of 2.5 naira per share – compared with 4.0 naira paid the previous year – as well as a bonus share for every five held.