2021 Half Year Results: Conoil Plc reports 214% increase in profit to N1.06 billion.

Conoil Plc released its unaudited half year results for the period ended June 30, 2021.

• Revenue for the period was N67.64 billion. (+17.7% YoY)
• Cost of sales was N62.44 billion. (+18.5% YoY)
• Administrative expenses totalled N2.59 billion. (-13.2% YoY)
• Retained earnings of N16.4 billion. (+5.0% YoY)
• Profit after tax was N1.06 billion. (+213.7% YoY)
• Earnings per share of N1.53 Vs 49 kobo YoY.
• Total shareholders’ fund was N20.58 billion. (+3.9% YoY)

See link to results.