Conoil releases Q1 2018 results after suspension 

Major oil marketer, Conoil Plc after being suspended by the Nigerian Stock Exchange (NSE) has released its results for the first quarter ended March 2018.

Here are key highlights of the result

Revenue 

Revenue increased from N24.4 billion in 2017 to N31.3 billion in 2018. This amounts to a 28.2% increase year on year.

Profit Before Tax 

Profit Before Tax also increased from N255 million in 2017 to N310 million in 2018. This amounts to a 21.5% increase year on year.

Profit after Tax 

Profit after tax increased from N173 million in 2017, to N211 million in 2018. This amounts to a 21.9% increase year on year.

Earnings Per Share 

Earnings Per Share increased from N0.25 in 2017 to N0.30 in 2018. This marks a 20% increase year on year.

DOWNLOAD CONOIL PLC Q1 2018 RESULTS

The NSE this morning placed the company on suspension after it had failed to release its results for the first quarter ended March 2018.