11 Plc, formally called Mobil Plc on Friday released its audited financial result for the year ended 31st December 2018. The firm grew turnover by 31.42% to close at N164.6 billion against the previous close of N125.2 billion in the previous year of 2017
The Profit after Tax (PAT), grew by 24.08% to close at N9.3 billion against the previous close of N7.5 billion in 2017.
With about 360 million share outstanding, the Shareholders’ earnings per share grew by 24.08% to close at N25.87 from the previous EPS of N20.85 in 2017.
At a reference price of N170.00, traded on the released date the PE Ratio of Oil and gas company stood at 6.57x with earnings yield of 15.22%.
A Dividend of 825kobo per ordinary share of 50k each was recommended to the shareholders. This is subject to deduction of the appropriate withholding tax and ratification at the Annual General Meeting of the Company, will be paid to the Shareholders whose names appear in the Register of Members as at the close of business on Wednesday, May 2nd, 2019.
The Register of Members will be closed from May 3rd – 10th, 2019.