25% drop in PMS revenue, high cost of sales put MRS in N1bn loss in 2019

February 9, 2020

MRS Oil Nigeria has announced its unaudited financial statement for 2019, which shows that the downstream firm recorded a loss after tax of N1.1 billion during the period. The loss was caused by a 28 percent fall in the company’s revenue last year, majority of which was suffered in the same of the

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Teliat Sule

Teliat Abiodun Sule Assistant Editor, Economy & Markets