2, Tincan Island, Port Road, Apapa-Lagos, Nigeria T : +234 809 030 0000 www.mrsoilnigplc.net
SUBJECT: MON PLC 2024 Q2 FORECAST
DATE: 04/3/2024
PERIOD: Q2 2024 (2nd Quarter Forecast)
STATEMENT OF COMPREHENSIVE INCOME
Turnover/Revenue ₦108.34b, Cost of Sales (₦105.15b), Gross Profit ₦3.19b, Distribution, Admin. & other Expenses (₦2.45b), Operating Profit/(Loss) ₦794.62m, Other Income ₦60.69m, Finance Costs (₦107.01m), Profit/(Loss) before Tax ₦687.55m, Tax (₦223.46m), Profit/(Loss) after Tax ₦464.10m. Earnings per Share (₦) Basic ₦1.35
STATEMENT OF CASH FLOW
Operating Cash flow before working capital change ₦198.5m
Net cash generated from Operating activities ₦471.13m, Cash flow from Investing activities (₦624.18m), Cash flow from Financing activities (₦0.00), Net Increase/(Decrease) Cash and cash Equivalent (₦153.01m), Cash and cash equivalent at the beginning of 2nd Quarter ₦8.17b, Cash and cash equivalent at the end of 2nd Quarter ₦8.01b.
CHIEF FINANCE OFFICER
MANAGING DIRECTOR
DIRECTORS:
Mr. Patrice Alberti (French), (Chairman), Mr. Marco Storari (Managing Director), Ms. Amina Maina,
Mr. Mathew Akinlade (FCA), Sir Sunday N. Nwosu, Chief Dr. Amobi D. Nwokafor (FCA), Mrs. Priscilla Ogwemoh.
T E A M W O R K E X C E L L E N C E S E R V I C E T R U S T
STATEMENT OF COMPREHENSIVE INCOME
MON PLC 2024 2ND QTR FORECAST
2024 Q2 FORECAST
NGN
Revenues
108,341,618,267
Cost of Sales
(105,154,605,628)
Distribution/Admin. and Other Expenses
(2,453,078,341)
Other Incomes
60,685,874
Net Finance Cost
(107,065,725)
Profit/(Loss) Before Tax
687,554,448
Taxation
(223,455,195)
Profit/(Loss) After Tax
464,099,252
Other Comprehensive Income
-
Total Comprehensive Income
464,099,252
Profit/(Loss) After Tax Attr. To Non-controlling Interest
185,639,701
Profit/(Loss) After Tax Owners of the Company
278,459,551
Total Comp. Income Attr. to Non-Controlling Interest
185,639,701
Attributable to Owners of the Company
278,459,551
Basic Earnings per Share
1.35
STATEMENT OF CASH FLOW
2024 Q2 FORECAST
NGN
Cash Flow from Operating Activities
Operating Cash Flow before Working Capital Changes
464,099,252
Cash flow from working capital changes
7,035,552
Net Cash Generated from Operating Activities
471,134,804
Cash Flow from Investing Activities
(624,181,320)
Cash Flow from Financing Activities
-
Net Increase/Decrease Cash and Cash Equivalent
(153,046,516)
Cash and Cash Equivalent Beginning of Q2
8,166,904,564
Cash and Cash Equivalent End of Q2
8,013,858,048
CHIEF FINANCE OFFICER
MANAGING DIRECTOR
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Disclaimer
MRS Oil Nigeria plc published this content on
05 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
05 March 2024 16:00:06 UTC.
MRS Oil Nigeria Plc specializes in distributing refined petroleum products. In addition, the group develops lubricant and grease manufacturing and marketing activities. Net sales break down by family of products as follows:
- gasoline (83.7%);
- diesel (6.9%);
- lubricants and greases (5%);
- kerosene (4.2%);
- liquefied petroleum gas (0.2%).
At the end of 2021, the group operated a network of about 158 service stations (78 of which are company owned) located in Nigeria.