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Nairametrics
Home Sectors Energy

Conoil posts 23% decline in 2020 FY post-tax profits

Blurb Team @Nairametrics by Blurb Team @Nairametrics
February 2, 2021
in Energy
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Conoil Plc released its 2020 FY results reporting revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.  

  • Operating expenses during the year was N7.64 billion in 2020 compared to N9.68 billion in 2019. –20.9% YoY 
  • The company reported a profit after tax of N1.52 billion in 2020 compared to N1.97 billion in 2019. –22.97% cut YoY.  
  • It reported an earnings per share of 219 kobo in 2020 compared to 284 kobo earnings per share reported in 2019. –22.89% YoY. 
  •  No dividend announcement was made in their press release. 
  • The company share price of N20.85, up 0.72% YTD. 

See link to results.

 

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Blurb Team @Nairametrics

Blurb Team @Nairametrics

The "Blurb Team" is the official conveyer of the opinions of the Nairametrics Research & Analysis Board on matters of financial reports, macroeconomic data, and economic policies.

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Conoil posts 23% post-tax profit decline in 2020 FY results

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