2, Tincan Island, Port Road, Apapa-Lagos, Nigeria T : +234 809 030 0000 www.mrsoilnigplc.net
SUBJECT: MON PLC 2023 Q4 FORECAST
DATE: 04/09/2023
PERIOD: Q4 2023 (4th Quarter Forecast)
STATEMENT OF COMPREHENSIVE INCOME
Turnover/Revenue ₦154.02b, Cost of Sales (₦146.94b), Gross Profit ₦7.07b, Distribution, Admin. & other Expenses (₦5.32b), Operating Profit/(Loss) ₦1.78b, Other Income ₦27m, Finance Costs (₦283.30m), Profit/(Loss) before Tax ₦1.50b, Tax (₦487.61m), Profit/(Loss) after Tax ₦1.02b. Earnings per Share (₦) Basic ₦2.95
STATEMENT OF CASH FLOW
Operating Cash flow before working capital change ₦1.02b Net cash generated from Operating activities ₦2.35b, Cash flow from Investing activities (₦204.6m), Cash flow from Financing activities (₦0.00), Net Increase/(Decrease) Cash and cash Equivalent ₦2.15b, Cash and cash equivalent at the beginning ₦6.02b, Cash and cash equivalent at the end of 3rd Quarter ₦8.17b.
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 2022 4TH QTR FORECAST
2023 Q4 FORECAST
NGN
Revenues
154,017,638,866
Cost of Sales
(146,944,662,262)
Distribution/Admin and Other Expenses
(5,316,330,532)
Other Incomes
27,000,000
Net Finance Cost
(283,301,629)
Profit/Loss Before Tax
1,500,344,442
Taxation
(487,611,907)
Profit/Loss After Tax
1,012,732,535
Other Comprehensive Income
-
Total Comprehensive Income
1,012,732,535
Profit/Loss After Tax Attr. To Noncontrolling Int
405,093,014
Profit/Loss After Tax Owners of the Company
607,639,521
Total Comp. Inc.Attr. to Non-Controlling Interest
405,093,014
Attributable to Owners of the Company
607,639,521
Basis Earnings per Share
2.95
STATEMENT OF CASH FLOW
2023 Q4 FORECAST
NGN
Cash Flow from Operating Activities
Operating Cash Flow before Working Capital Changes
1,012,732,535
Cash flow from working capital changes
1,341,696,637
Net Cash Generated from Operating Activities
2,354,429,172
Cash Flow from Investing Activities
(204,600,000)
Cash Flow from Financing Activities
-
Net Increase/Decrease Cash and Cash Equivalent
2,149,829,172
Cash and Cash Equivalent Beginning of the Year
6,023,878,866
Cash and Cash Equivalent End of the Year
8,173,708,038
CHIEF FINANCE OFFICER
MANAGING DIRECTOR
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Disclaimer
MRS Oil Nigeria plc published this content on 07 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2023 15:56:14 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 
