2, Tincan Island, Port Road, Apapa-Lagos, Nigeria T : +234 809 030 0000 www.mrsoilnigplc.net
SUBJECT: MON PLC 2024 Q3 FORECAST
DATE: 05/6/2024
PERIOD: Q3 2024 (3rd Quarter Forecast)
STATEMENT OF COMPREHENSIVE INCOME
Turnover/Revenue ₦170.34b, Cost of Sales (₦165.33b), Gross Profit ₦5.01b, Distribution, Admin. & other Expenses (₦3.86b), Operating Profit/(Loss) ₦1.25b, Other Income ₦95.42m, Finance Costs (₦168.34m), Profit/(Loss) before Tax ₦1.08b, Tax (₦351.34m), Profit/(Loss) after Tax ₦729.70m. Earnings per Share (₦) Basic ₦2.13
STATEMENT OF CASH FLOW
Operating Cash flow before working capital change ₦729.70m
Net cash generated from Operating activities ₦729.70m, Cash flow from Investing activities (₦695.58m), Cash flow from Financing activities (₦0.00), Net Increase/(Decrease) Cash and cash Equivalent (₦34.12m), Cash and cash equivalent at the beginning of 3rd Quarter ₦8.01b, Cash and cash equivalent at the end of 3rd Quarter ₦8.05b.
CHIEF FINANCE OFFICER
MANAGING DIRECTOR
DIRECTORS:
Mr. Patrice Alberti (French), (Chairman), Mr. Marco Storari (Managing Director), Ms. Amina Maina,
Mr. Mathew Akinlade (FCA), Sir Sunday N. Nwosu, Chief Dr. Amobi D. Nwokafor (FCA), Mrs. Priscilla Ogwemoh.
T E A M W O R K E X C E L L E N C E S E R V I C E T R U S T
STATEMENT OF COMPREHENSIVE INCOME
MON PLC 2024 3RD QTR FORECAST
2024 Q3 FORECAST
NGN
Revenues
170,344,351,613
Cost of Sales
(165,333,446,199)
Distribution/Admin and Other Expenses
(3,856,948,476)
Other Incomes
95,415,742
Net Finance Cost
(168,338,278)
Profit/Loss Before Tax
1,081,034,403
Taxation
(351,336,181)
Profit/Loss After Tax
729,698,222
Other Comprehensive Income
Total Comprehensive Income
729,698,222
Profit/Loss After Tax Attr. To Noncontrolling Int
291,879,289
Profit/Loss After Tax Owners of the Company
437,818,933
Total Comp. Inc.Attr. to Non-Controlling Interest
291,879,289
Attributable to Owners of the Company
437,818,933
Basis Earnings per Share
2.13
STATEMENT OF CASH FLOW
2024 Q3 FORECAST
NGN
Cash Flow from Operating Activities
Operating Cash Flow before Working Capital Changes
729,698,222
Cash flow from working capital changes
-
Net Cash Generated from Operating Activities
729,698,222
Cash Flow from Investing Activities
(695,581,320)
Cash Flow from Financing Activities
-
Net Increase/Decrease Cash and Cash Equivalent
34,116,902
Cash and Cash Equivalent Beginning of the Quarter
8,013,858,048
Cash and Cash Equivalent End of the Quarter
8,047,974,949
CHIEF FINANCE OFFICER
MANAGING DIRECTOR
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Disclaimer
MRS Oil Nigeria plc published this content on
06 June 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
06 June 2024 10:59:09 UTC.
MRS Oil Nigeria Plc specializes in distributing refined petroleum products. In addition, the group develops lubricant and grease manufacturing and marketing activities. Net sales break down by family of products as follows:
- gasoline (83.7%);
- diesel (6.9%);
- lubricants and greases (5%);
- kerosene (4.2%);
- liquefied petroleum gas (0.2%).
At the end of 2021, the group operated a network of about 158 service stations (78 of which are company owned) located in Nigeria.
MRS OIL NIGERIA PLC 
