2020 FY Results: Conoil Plc reports a 27% dip in profit to N1.44 billion.

Conoil Plc released its audited financial statements for the year ended 31st of December, 2020.

  • Revenue for the year was N117.5 billion. (-15.9% YoY)
  • Cost of sales was N107.7 billion. (-14.8% YoY)
  • Administrative expenses totalled N5.18 billion. (-21.5% YoY)
  • Profit for the year was N1.44 billion. (-27% YoY)
  • Earnings per share of N2.08 Vs N2.84
  • A dividend of N1.50 was proposed by the board.

See link to results.

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