Forte Oil Plc has lifted the gloom on the Nigerian bourse with a declaration of N3.45kobo dividend to shareholders for the full financial year of 2015.
Although the group involved in retail oil business, power generation and oil lifting recorded a sharp fall in turnover last year from N170.1 billion to N124.6billion, it was able to hold other costs to return a wholesome PAT of N5.79billion, higher than the N4.45billion recorded in 2014.
Earnings per share according to the result sent to the Nigerian Stock Exchange was N4.79kobo per share.
The company has promised that the dividend payout will also be extended to the 230million bonus shares to be issued to existing shareholders in March.