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  • Higher borrowing cost crimps Forte Oil’s profit
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  • Higher borrowing cost crimps Forte Oil’s profit
 

Higher borrowing cost crimps Forte Oil’s profit

Higher borrowing cost crimps Forte Oil’s profit

by magna / Thursday, 30 April 2015 / Published in Capital Market News

Forte Oil plc, a company that operates in the downstream oil and gas sector, took a hit at the bottomline as increased borrowing cost continues to hurt profits, analysis of its financial statement shows. For the first three months through March 2015, the company’s net income fell by 28.93 percent to N783.14 million from N1.10…

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Source : BusinessDay

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