11 Plc (formerly Mobil Oil Nigeria) reports Q2 2018 results

11 Plc last week Thursday reported its Half year profit increased 120% from N2.5billion a year ago to about N5.5billion in the corresponding period of 2018.

Revenue came in at N85.9 billion, also up 53% from N56.2billion recorded a year ago.

Earnings per share for the period under review stood at N15.11, from N6.86 earned last same period.

Mobil has 11.9x PE Ratio with 8.4% earning yield at an equity price of N180.

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