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One of the major oil companies in the country, 11 Plc, formerly known as Mobil Oil Nigeria Plc, has released its first financial statements under its new trading platform.
The energy firm used to trade its stocks on the Nigerian Exchange (NGX) Limited, formerly the Nigerian Stock Exchange (NSE), but it voluntarily delisted from the platform in May 2021 to join the NASD over-the-counter Securities Exchange a month later.
In the results analysed by Business Post, 11 Plc, in the first six months of the year, saw its Profit After Tax (PAT) drop by 3.0 per cent as it published N2.4 billion compared to N2.5 billion recorded in the same period last year.