Forte Oil PLC operates within the Petroleum products sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Forte Oil PLC with three other
companies in this sector in Nigeria:
sales of 94.11 billion Naira [US$307.73 million]
of which 100%
was Petroleum Products Marketing),
MRS Oil Nigeria PLC
(109.64 billion Naira [US$358.51 million]
of which 88%
was Retail/C&I), and
Conoil Public Limited Company
(85.02 billion Naira [US$278.03 million]
of which 94%
was White Products).
During the year ended December of 2016, sales at
Forte Oil PLC were 148.61 billion Naira (US$485.94 million).
increase of 19.2%
versus 2015, when the company's sales were 124.62 billion Naira.
Despite this increase, sales are still
below the level achieved in 2014, when Forte Oil PLC
reported sales of 170.13 billion Naira.
Sales of Lubricants and Greases saw an increase
that was more than double the company's growth rate: sales were up
85.7% in 2016, from
6.17 billion Naira to 11.46 billion Naira.
Forte Oil PLC also saw significant increases in sales in
Power Generation (up 26.1% to 12.94 billion Naira)
Not all segments of Forte Oil PLC experienced an increase in sales in 2016:
sales of Production Chemicals fell 32.8% to 2.60 billion Naira.
(However, this segment's sales were only a very small portion of the company's overall sales).