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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

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