Higher borrowing cost crimps Forte Oil’s profit

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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