CONOIL Declares N339m PAT in Q2 2020 Results, (SP:N16.90k)


Thursday, August 06, 2020 / 5:19 PM / NSE / Header Image Credit: Guardian NG

Conoil Plc released its Q2 2020 Unaudited results for the period ended June 30th, 2020.

Key Highlights

  • Revenue declined by -20.4% to N57.5bn from N72.2bn in the previous quarter.

  • Profit before tax declined by 67.2% to N498m.

  • Profit after tax declined by 67.2% to N339m.

  • Net Assets grew by 1.7% from N19.5bn to N19.8bn.

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