Aug 6 (Lagos) - Mobil Nigeria Plc reported unaudited financial results for the first half of 2012. Turnover increased by 46% to N 42 billion. Cost of sales increased by 63% to N 38.9 billion during the period. Operating expenses increased by 8% to 2.4 billion.

Profit after tax declined sharply by 58% to N 964 million during the first half down from N 2.31 billion in the same period of 2011.

Mobil Nigeria plc has 360 million shares outstanding. Price to earnings ratio of 17.35 times. Price to book value ratio of 7.71 times. Return on assets of 8.08%. Cost to sales ratio of 91% while Operating exenses to Sales ratio of 5.69%.

Share of Mobil Nigeria pls currently trade for N 125 per share at the Nigerian Stock Exchange in Lagos.

reporting for easykobo.com on Monday, August 6 2012 from Lagos, Nigeria