WATCH THE VIDEO HERE MRS Oil Nigeria Plc has released its audited full-year financial results for 2024, reporting a 71.2% surge in revenue to N312.2 billion. The revenue growth was driven by higher petroleum product prices throughout most of 2024, despite a reported decline in sales volumes. MRS Oil has seen increased consumer demand following its landmark purchase of products from the Dangote Refinery, which are often perceived as superior by fuel-efficiency-conscious customers. The company also reported a pre-tax profit of N9.8 billion, representing a 66% year-on-year increase, even as rising costs of sales continued to pressure gross margins. This is a developing story. More details to follow…
BREAKING: MRS Oil reports 71.2% rise in revenues as consumer demand rises
