Mobil pretax profit falls 33 percent, Lafarge’s rises

Mobil Nigeria, a local unit of ExxonMobil, reported a 33 percent drop in first-half profit to ₦4.11 billion ($21 million) versus a year ago, the fuel marketer said on Wednesday.

The fuel retailer’s revenue also declined to ₦31.82 billion against ₦42.16 billion last year, the company said in a statement without giving reason for the fall in earnings.

While Lafarge Africa, the Nigerian arm of world biggest cement firm, Lafarge, said on Wednesday its first half pretax profit rose 13 percent to ₦29.72 billion from a year ago.

Lafarge Africa said in a statement that turnover to end-June also increased to ₦116.7 billion from ₦104.15 billion from last year.

The firm said its finance and investment income rose to ₦3.5 billion from 1.71 billion naira in the previous year.

REUTERS