![[Corporate Action] Conoil Plc Posts 16% Drop In PAT to N1.1 billion In Q3’2015](https://i1.wp.com/nairametrics.com/wp-content/uploads/2015/11/conoil-night.jpg?fit=304%2C209&ssl=1)
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 |
