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 164.61 billion Naira [US$536.63 million]
of which 100%
was Petroleum Products Marketing),
MRS Oil Nigeria PLC
(89.55 billion Naira [US$291.94 million]
of which 89%
was Retail/C&I), and
Conoil Public Limited Company
(122.21 billion Naira [US$398.41 million]
of which 95%
was White Products).
During the year ended December of 2018, sales at
Forte Oil PLC were 134.70 billion Naira (US$439.14 million).
increase of 4.1%
versus 2017, when the company's sales were 129.44 billion Naira.
Despite this increase, sales are still
below the level achieved in 2016, when Forte Oil PLC
reported sales of 148.61 billion Naira.
The sales level in 2018 was fairly close to the level five years ago: in 2013, Forte Oil PLC had sales
of 128.03 billion Naira.
Sales of Fuels saw an increase
that was more than double the company's growth rate: sales were up
56.2% in 2018, from
78.82 billion Naira to 123.10 billion Naira.
Forte Oil PLC also saw significant increases in sales in
Lubricants and Greases (up 13.3% to 13.72 billion Naira)
Production Chemicals (up 34.3% to 2.55 billion Naira)
Not all segments of Forte Oil PLC experienced an increase in sales in 2018:
sales of Power Generation fell 4.4% to 35.01 billion Naira.