MRS Oil Projects Revenue Boom of ₦129.36 Billion for Q1 2025
MRS Oil Projects Revenue Boom of ₦129.36 Billion for Q1 2025
MRS Oil Nigeria Plc has set ambitious financial targets for the first quarter of 2025, unveiling a revenue projection of ₦129.36 billion, as per its latest financial forecast disclosed on Monday.
Key Highlights of the Financial Forecast
1️⃣ Revenue and Gross Profit
• Revenue: ₦129.36 billion.
• Cost of Sales: ₦124.54 billion.
• Gross Profit: ₦4.81 billion.
2️⃣ Operating Performance
• Operating Profit: ₦2.3 billion, after accounting for ₦2.61 billion in distribution, administrative, and other expenses.
• Other Income: ₦86.94 million.
• Finance Costs: ₦49.95 million.
3️⃣ Profit Projections
• Profit Before Tax: ₦2.25 billion.
• Profit After Tax: ₦1.52 billion.
• Earnings Per Share (EPS): ₦4.42.
4️⃣ Cash Flow Insights
• Operating Cash Flow (before working capital changes): ₦1.77 billion.
• Net Cash Generated from Operating Activities: ₦1.85 billion.
• Cash Flow from Investing Activities: ₦787.25 million.
• Net Increase in Cash and Cash Equivalents: ₦1.06 billion.
• Closing Cash Balance: ₦7.29 billion, up from ₦6.22 billion at the start of the quarter.
Past Performance and Industry Position
Earlier in 2024, MRS Oil reported an impressive 272% profit growth, closing at ₦4.89 billion for 2023. This demonstrates the company’s strategic positioning in Nigeria’s oil and gas sector, cementing its role as a key player.
Why This Matters
This forecast highlights MRS Oil’s focus on steady growth, operational efficiency, and profitability, providing a strong signal to investors about its potential for sustained performance. With the festive trading season ahead, this is a stock to watch.
What are your thoughts on MRS Oil’s ambitious projections? Is this a sign of strong sector growth, or should investors approach with caution? Let’s discuss!
MRS Oil Nigeria Plc has set ambitious financial targets for the first quarter of 2025, unveiling a revenue projection of ₦129.36 billion, as per its latest financial forecast disclosed on Monday.
Key Highlights of the Financial Forecast
1️⃣ Revenue and Gross Profit
• Revenue: ₦129.36 billion.
• Cost of Sales: ₦124.54 billion.
• Gross Profit: ₦4.81 billion.
2️⃣ Operating Performance
• Operating Profit: ₦2.3 billion, after accounting for ₦2.61 billion in distribution, administrative, and other expenses.
• Other Income: ₦86.94 million.
• Finance Costs: ₦49.95 million.
3️⃣ Profit Projections
• Profit Before Tax: ₦2.25 billion.
• Profit After Tax: ₦1.52 billion.
• Earnings Per Share (EPS): ₦4.42.
4️⃣ Cash Flow Insights
• Operating Cash Flow (before working capital changes): ₦1.77 billion.
• Net Cash Generated from Operating Activities: ₦1.85 billion.
• Cash Flow from Investing Activities: ₦787.25 million.
• Net Increase in Cash and Cash Equivalents: ₦1.06 billion.
• Closing Cash Balance: ₦7.29 billion, up from ₦6.22 billion at the start of the quarter.
Past Performance and Industry Position
Earlier in 2024, MRS Oil reported an impressive 272% profit growth, closing at ₦4.89 billion for 2023. This demonstrates the company’s strategic positioning in Nigeria’s oil and gas sector, cementing its role as a key player.
Why This Matters
This forecast highlights MRS Oil’s focus on steady growth, operational efficiency, and profitability, providing a strong signal to investors about its potential for sustained performance. With the festive trading season ahead, this is a stock to watch.
What are your thoughts on MRS Oil’s ambitious projections? Is this a sign of strong sector growth, or should investors approach with caution? Let’s discuss!
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