MRS Oil forecasts a return to profit with N197m in Q2

By Kayode Tokede

MRS Oil Nigeria Plc, a major oil marketing firm has released its  statement of comprehensive forecast for second  quarter 2021 with revenue projected at N49.25billion compared with N23.6 billion  forecasted for Q1 2021.

The oil marketer also forecasted a profit after tax N197million from loss after tax of N13.5 million for Q1 2021.

The company also forecasted a rise in cash and cash equivalent at end of the quarter to N5.8billion from N3.9 billion at the beginning of the period.

MRS Oil forecast for Q1 2021 with revenue projected at N23.6 billion compared with N125.396 billion forecast for Q4 2020.