Conoil Plc released its 2014 Audited Results showing revenue dropped by 19.5% from N159bn in 2013 to N128bn in 2014. Pre-tax Profits also reduced by 66% in 2014 N1.5bn from N4.5bn in 2013.
See Summary of result below…
| Conoil Full Year | 2014 | 2013 | % Change |
| N’bn | N’bn | ||
| Revenue | 128,352 | 159,537 | -19.55% |
| Gross Profit | 13,789 | 17,038 | -19.07% |
| Operating Expenses | -10,883 | -12,920 | -15.77% |
| Pre-tax profits | 1,532 | 4,575 | -66.51% |
| Profit After Tax | 834 | 3,070 | -72.83% |
| Current Share Price | N30.05 |
