[Corporate Action] Conoil Plc Posts 16% Drop In PAT to N1.1 billion In Q3’2015


Conoil Plc released its financial results for the nine months ended 30 September 2015.

The result showed revenue declined by 42% from N104 billion in Q3’2014 to N60 billion in Q3’2015.

Pre-tax profits also declined by 16.11% from N2 billion in Q3’2014 to N1.7 billion in Q3’2015.

See Summary of result below..

Conoil PLC Q3 2015 2015 2014 % Change
N’m N’m
Revenue 60,156 104,223 -42.28%
Gross Profit 8,906 10,795 -17.50%
Operating Expenses -6,986 -7,339 -4.81%
Pre-tax profits 1,760 2,098 -16.11%
Profit After Tax 1,196 1,427 -16.19%
Share Price (As at Press time)  N27.41

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