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MRS Oil Nigeria to delist from NGX after strong 2024 performance

Summary by GistReel

GistReel MRS Oil Nigeria Plc has announced plans to voluntarily delist its shares from the Nigerian Exchange Limited (NGX) following an impressive financial performance in 2024. The decision, approved by shareholders during an Extraordinary General Meeting (EGM) on June 25, 2024, is aimed at granting the company greater operational flexibility while cutting costs associated with maintaining its public listing. Strong Financial Growth in 2024 MRS…

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City Business News

MRS Oil Exits NGX — City Business News

Advertisements MRS Oil has concluded arrangements for the voluntary delisting of all its issued shares from the Nigerian Exchange Ltd. (NGX) and subsequent admission to the NASD OTC Securities Exchange.In a corporate disclosure on Friday through the Nigerian Exchange, the company explained that the decision followed the approvals granted by the company’s shareholders at the Extraordinary General Meeting (EGM) held on June 25, 2024.It said “In ac…

2 days ago

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brandeconomy.com.ng

MRS Oil declares N6.49bn profit after tax in 2024

MRS Oil says it generated N6.49bn profit after tax in the year 2024. This is according to a corporate disclosure released through the Nigerian Exchange Ltd., which revealed the company’s audited full-year financial results for 2024. The company also reported a pre-tax profit of N9.8 billion, representing a 66 per cent year-on-year increase, even as …

3 days ago

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The Whistler Nigeria

MRS Oil To Exit NGX, Transition To NASD Market

MRS Oil Nigeria Plc has announced plans to voluntarily delist its issued shares from the Nigerian Exchange Limited (NGX) and transition to the NASD OTC Securities Exchange (NASD). This decision follows approvals granted by shareholders at the company’s Extraordinary General Meeting (EGM) held on June 25, 2024, in compliance with all relevant regulatory guidelines. In line with Rule 1.10 and Rule 1.13(f) of NGX’s delisting regulations, as well as…

3 days ago

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GistReel

MRS Oil Nigeria to delist from NGX after strong 2024 performance

3 days ago

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Nairametrics

MRS Oil announces plans to delist from NGX hours after declaring massive Profits

MRS Oil Nigeria Plc has announced plans to voluntarily delist its shares from the Nigerian Exchange Limited (NGX) following a robust financial performance in 2024. The post MRS Oil announces plans to delist from NGX hours after declaring massive Profits appeared first on Nairametrics.

3 days ago

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techeconomy.ng

MRS Oil Reports 64.5% Surge in Profit Before Tax to N9.8 Billion - Tech

MRS Oil Nigeria Plc reported a 64.5% surge in profit before tax, amounting to N9.8 billion from N5.9 billion in 2023. The growth was attributed to an increase in petroleum product prices throughout the year. In its recently released financial report for the 2024 financial year, Mrs Oil Nigeria Plc reported remarkable improvement across key success metrics, marking a successful year for the company. The company witnessed a 71.2% surge in revenue,…

3 days ago

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