July 26 (Lagos) - Shares of 11 Plc (
MOBIL ) are going to get hot after Company posted impressive first half results.
Top line revenue rose to N 85.9 billion in H1 2018 from N 56.2 billion in H1 2017.
Gross Profit rose to N 9.3 billion in H1 2018 from N 6.8 billion in H1 2017.
Profit before tax rose to N 8.05 billion in H1 2018 from N 3.6 billion in H1 2017.
Profit after tax rose to N 5.44 billion in H1 2018 from N 2.47 billion in H1 2017.
Net assets rose to N 29.92 billion at end of June 2018 from N 27.3 billion at end of Dec 2017.
Shares of
MOBIL closed at N 180 per unit at the Nigerian Stock Exchange today unchanged from yesterday.
We can expect them to rise sharply tomorrow on the back on these results and expect them to challenge its 52 week high of N 253 per unit as well.
reporting for easykobo.com on Thursday, July 26 2018 from Lagos, Nigeria