Japaul oil had a turn over of NGN1.0 billion in nine months

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Japaul Oil and Maritime services plc in its financial report for the nine months end September 2017 is reporting 29% increase profit to NGN4.4 billion compared to NGN3.4 billion reported in the same period last year.

The company ended the period with NGN1.0 billion turn over in contrast to NGN1.4 billion recorded in the year before while gross profit was NGN349.5 million against NGN660.0 million loss posted in the previous year.

Japaul Oil and Maritime services recorded NGN1.3 billion total current assets compared to NGN3.3 billion recorded in the year 2016 while total current liabilities was NGN18.3 billion against NGN10.8 billion in the year 2016.