Ardova Plc 2023 Interim Results For The Third Quarter

ARDOVA PLC ( Q32023 Interim Report

By Published On: May 23, 2024TYPE: Interim ReportsYear: 2023Period: Q3Country: NigeriaSector: Energy

ARDOVA PLC ( listed on the Nigerian Stock Exchange under the Energy sector has released its 2023 interim results for the third quarter.

For more information about ARDOVA PLC ( reports, abridged reports, interim earnings results and earnings presentations visit the ARDOVA PLC ( company page on AfricanFinancials.

Indicative Share Trading Liquidity

The total indicative share trading liquidity for ARDOVA PLC ( in the past 12 months, as of 1st July 2023, is US$4.81M (NGN2.28B). An average of US$401.13K (NGN189.79M) per month.

ARDOVA PLC 2023 interim results for the third quarter

Company Profile

ARDOVA PLC formerly (Forte Oil Plc) sources and markets petroleum products in Nigeria which includes fuels, production chemicals, lubricants, greases and power generation for automobiles, aircraft, machines and equipment. The Fuel division supplies white petroleum products, aviation turbine kerosene and Jet A-1 aviation fuels; the Upstream division supplies ancillary products for the exploration and production sub-sector of the oil and gas industry; retail and industrial products include lubricants and grease; organic and petro-chemicals; premium motor spirit, automotive gas oil, dual purpose kerosene and fuel oils. Forte Oil Plc also has business interests in power generation through the 414MW Geregu power plant located in Kogi state. Established in 1964 and formerly known as African Petroleum Plc, the company changed its name to Forte Oil Plc in 2010. Its head office is in Lagos, Nigeria. ARDOVA PLC is listed on the Nigerian Stock Exchange