Mobil Nigeria's profit downhill

Mobil Nigeria's profit downhill

Wednesday, July 29, 2015 2:52 pm


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

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

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