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Home Sectors Energy

2021 Q1 Results: Conoil Plc reports a 63% increase in profit to N423.9 million.

Chidi Emenike by Chidi Emenike
June 4, 2021
in Energy
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Conoil Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N22.09 billion. (-13.2% YoY)
  • Cost of sales N30.7 billion. (-12.9% YoY)
  • Administrative expenses totalled N1.29 billion. (-21.1% YoY)
  • Profit for the period was N423. 9 million. (+62.8% YoY)
  • Earnings per share of 61 kobo Vs 38 kobo YoY.
  • Total shareholders fund for the period was N19.94 billion (+1.1% YoY)
  • Net assets per share of N28.74 Vs N28.43 YoY.

See link to results.

Tags: Company Financial ResultsConoil plc
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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