MRS Oil Nigeria Plc has posted profit after tax of N6.497 billion for the year ended 31 December 2024. This represents a growth of 60.47% from N4.049 billion profit after tax reported I FY 2023.
The Oil firm increased its market share by 71.26% year on year as revenue hits N312.23 billion in FY 2024 as against N182.31 revenue reported the previous year.
Earnings per share (EPS) of the Company for the period under review stands at N18.95.
At the share price of N167.10, the P/E ratio of MRS Oil stands at 8.82x with earnings yield of 11.34%.