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CONOIL PLC
News and analysis about Conoil plc
In July, the NGX posted a 2.28% decline as the All-Share Index moved from 100,057.49 at the start of the month to end the month at 97,774.22.
Conoil Plc posts a 13.34% year-over-year rise in pre-tax profit for the second quarter of 2024 at 4.6 billion, up from 4.1 billion recorded in 2023.
The Nigerian Exchange (NGX) on July 4 recorded a slight decline, as the All-Share Index closed at 100,063.32 points, from the opening 100,299.48 points.
In 2023, Conoil Plc's share price surged by an impressive 217% year-to-date, closing at N83.90 per share.
Conoil Plc has recorded a 99% growth in its profit after tax to N9.87 billion in 2023, from N4.96 billion as of FY 2022.
Shareholders of Conoil Plc have approved a final dividend payout of N1.734 billion proposed by the board of directors.
The Nigeria Exchange has recorded a remarkable bullish run since President Bola Tinubu assumed office on May 29, 2023.
Conoil's share price has experienced a remarkable surge, reaching a new 5-year high and surpassing the previous highest price.
The All-Share Index (ASI) traded 0.07% higher to close at 55,808.25 points as market capitalization gained N21 billion to close at N30.388 trillion.
Positive sentiment witnessed on shares of Conoil Plc resulted in the company gaining 21% in market value at the end of weekly trading.
The sale of white products and lubricants amount to N90,294,830 in revenue for the 9 months ended September 2022.
Conoil assured shareholders of its commitment to continue to deliver strong and sustainable performance