ALERT: Conoil pre tax profit drops 60% (2017 6 Months)

Conoil released its financial results for the period ended 30 June 2017 ; See below

Revenue N’m

2017 6 Months | 44,926

2016 6 Months | 39,514

%age Change| 14%

Pre Tax  Profit N’m

2017 6 Months| 628

2016 6 Months| 1,567

%age Change| -60%

Profit after Tax N’m

2017 6 Months| 427

2016 6 Months| 1,042

%age Change| -59%

EPS (Kobo)

2017 6 Months| 62k

2016 6 Months| 150k

%age Change| -59%

This result was officially released on the 4th of August.

[gview file=”https://cdn.nairametrics.com/wp-content/uploads/2017/08/CONOIL_PLC_-_HALF_YR_JUNE_2017_FINANCIAL_STATEMENTS_AUGUST_2017.pdf”]