Fuel marketer Mobil Nigeria Q1 pretax profit falls 57 pct

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LAGOS,  – Fuel Marketer Mobil Nigeria said Thursday its first quarter pretax profit fell by 56.5 percent to 2.06 billion naira ($10 ) compared with the same period a year ago.

Revenue also fell to 16.49 billion naira in the period to end-March against 22.41 billion naira, it said in a statement.

Mobil Nigeria also said its first quarter earnings in 2014 were boosted by an asset sale worth 2.85 billion naira, an amount that was absent this year.

($1 = 198.0000 naira) (Reporting by Oludare Mayowa; Editing by James Macharia)