• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions Blurb

Earnings Report 2013 H1: Aggressive Cost Cutting Help Conoil Plc Post 200% Rise In PBT

Nairametrics by Nairametrics
August 21, 2013
in Blurb
Earnings Report 2013 H1: Aggressive Cost Cutting Help Conoil Plc Post 200% Rise In PBT
Share on FacebookShare on TwitterShare on Linkedin

[upme_private]Conoil Plc released its 2013 H1 results showing revenue rose 4.5% to N79.6billion (2012 H1: N76.2billion). Gross profit also rose 7.7% to N8.3billion when compared to the same period last year. The company was also able to reduce its operating expenses by about N436billion helping boost operating profit to N3billion 52% higher than N1.9billion posted in 2012. The effect of the reduction of about N18billion in loans also saved the company about N300million in finance cost.

The company went ahead to post a Pre-tax profit of N1.9billion a 199% increase from the N663million it post same period 2012

Conoil Plc 2013 H1

RelatedStories

Conoil Plc,

Conoil Q1 2025: Borrowing surge collapses profit, debt now exceeds equity 

June 25, 2025
Conoil Plc,

Conoil reports N13.806 billion pre-tax profits, up 12.45% YoY

February 2, 2025

Key Highlights

  • The result was obviously borne out of an effective cost cutting operation whilst also itching up revenue.
  • The company management also attributed “the performance to the adoption of robust growth strategies, efficient management of resources and total elimination of waste in its operations”.
  • Operating expenses rose 21% to N11.2billion in 2012 making this result particularly impressive.
  • Results for the second quarter of 2013 also indicate a strong top line performance on a QoQ basis as the company improve revenues by 10% to N41.7billion in Q1 (Q2: N37.8billion).
  • Though operating expenses was on the rise this quarter, it was not enough to drag down the company’s performance.

Conoil 2013 Q2

Conoil 2013 H1 results was released in the website of the NSE[/upme_private]

 

Tags: Conoil plc
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Conoil Plc,
Blurb

Conoil Q1 2025: Borrowing surge collapses profit, debt now exceeds equity 

June 25, 2025
Conoil Plc,
Company News

Conoil reports N13.806 billion pre-tax profits, up 12.45% YoY

February 2, 2025
NGX
Equities

Top 5 oil and gas companies in Nigeria based on share price performance in 2024 

January 11, 2025
Conoil Plc,
Energy

Oil and gas: The best performing index in 2024 with 160% YtD gain 

January 2, 2025
NGX
Equities

Top 10 best-performing stocks in the Nigerian market in 2024 

January 1, 2025
Conoil Plc,
Equities

Conoil gains 37.35% in a week, reaches new high on strong third-quarter results 

November 10, 2024
Next Post
Earnings Analysis 2013 H1: Access Bank Sets Alarm Bells Off With Dismal Half Year Results

Earnings Analysis 2013 H1: Access Bank Sets Alarm Bells Off With Dismal Half Year Results

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Nigeria’s top 10 stockbrokers by value of transactions in second quarter 2025 
  • Champion Breweries shares up 246.46% — How other beer companies are performing in 2025 
  • Rwanda reaffirms commitment to strengthening trade, aviation, and ICT ties with Nigeria 

Follow us on social media:

Recent News

Nigeria’s top 10 stockbrokers by value of transactions in second quarter 2025 

July 5, 2025
Champion Breweries Plc

Champion Breweries shares up 246.46% — How other beer companies are performing in 2025 

July 5, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics