Earnings Flash | FORTE OIL PLC FY-2016 Results

Earnings Flash | FORTE OIL PLC FY-2016 Results
Financial Highlights (N'Mn)
Headlines	FY- 2016	FY- 2015	Change
Revenue	148,605	124,617	19.2%
Cost of sales	(128,021)	(106,256)	20.5%
Gross Income	20,584	18,361	12.1%
Net Finance (cost)/Income	(4,282)	(1,676)	155.5%
Profit/Loss Before Tax	5,340	7,012	-23.8%
Taxation	-2,450	-1,218	101.1%
Profit/Loss After Tax	2,890	5,794	-50.1%
Cash and cash equivalents	17,044	11,701	45.7%
Trade & Other Receivables	46,819	34,897	34.2%
Trade & Other Payables	44,401	34,183	29.9%
Net Assets	43,334	46,281	-6.4%
Gross Margin	13.9%	14.7%	-0.9%
Net Margin	1.9%	4.6%	-2.7%
Cost to Sales	86.1%	85.3%	0.9%
Price(N)	71.2
EPS(N)	2.2
BVPS(N)	33.3
P/E(X)	32.1
P/BV(X)	2.1
ROAE	6.4%