Conoil declares N88.1bn as revenue in Q3’20

Conoil Plc in the third quarter of 2020 declared a turnover of N88.1 billion, down by 21.84% from the turnover of N112.7 billion.

Profit after tax for the period under review was N1.1 billion, down by 34.67% from N1.7 billion reported in 2019.

Earnings Per Share of N1.60 was achieved in the third quarter of 2020, down by 34.67%  from N2.45 achieved in Q3’20.

With reference to the share price of 17.85, PE ratio of 11.16x is calculated for Conoil with earnings yield of 8.96%.

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