CONOIL Declares N1.4bn PAT in 2020 Audited Results, Proposes 150K Final Dividend; (SP:N18.70k)


Wednesday, June 02, 2021 / 03:00 PM / By NGX / Header Image Credit: Conoil Plc 

Conoil Plc released its 2020 Audited results for the period ended December 31st, 2020.

Key Highlights

  • Revenue declined by 16% to N117bn from N140bn in the previous quarter.
  • Profit before tax declined by 24% to N2bn.
  • Profit after tax declined by 27% to N1.4bn.
  • Net Assets grew by 0.3% from N19.47bn to N19.52bn.

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