11Plc profit falls 30% as revenue dips to N192bn

11Plc, formerly Mobil Oil Nigeria Plc, has reported a profit after tax of N6.23 billion for the financial year 2020, down from N8.88 billion in the previous year.

The oil marketing company said its profit before tax declined to N8.99 billion last year from N13.11 billion in 2019.

Its revenue fell to N163.91 billion from N191.68 billion, according to its audited financial statements obtained by Markets Reporters on Monday.