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Home Companies Company News

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

Research Team by Research Team
November 5, 2015
in Company News
[Corporate Action] Conoil Plc Posts 16% Drop In PAT to N1.1 billion In Q3’2015
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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.

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See Summary of result below..

Conoil PLC Q3 201520152014% Change
N’mN’m
Revenue60,156104,223-42.28%
Gross Profit8,90610,795-17.50%
Operating Expenses-6,986-7,339-4.81%
Pre-tax profits1,7602,098-16.11%
Profit After Tax1,1961,427-16.19%
Share Price (As at Press time) N27.41

DOWNLOAD RESULT

Tags: News ReviewNigerian Company Results
Research Team

Research Team

The Research Team at Nairametrics meticulously monitors, gathers, curates, and administers an extensive repository of both macroeconomic and microeconomic data originating from Nigeria and across Africa. Utilizing a variety of presentation formats—including documents, tables, and charts—our analysts disseminate key findings through the Nairametrics platform. Additionally, we regularly release insightful, research-driven articles that offer in-depth analyses of economic trends and indicators.

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