2021 Q1 Results: Conoil Plc reports a 63% increase in profit to N423.9 million.

Conoil Plc released its unaudited results for the first quarter of the year (Q1, 2021).

• Revenue for the period was N22.09 billion. (-13.2% YoY)
• Cost of sales N30.7 billion. (-12.9% YoY)
• Administrative expenses totalled N1.29 billion. (-21.1% YoY)
• Profit for the period was N423. 9 million. (+62.8% YoY)
• Earnings per share of 61 kobo Vs 38 kobo YoY.
• Total shareholders fund for the period was N19.94 billion (+1.1% YoY)
• Net assets per share of N28.74 Vs N28.43 YoY.

See link to results.