CONOIL Records N122bn as Revenue, Improves EPS by 13% in 2018 FY Report

Conoil Plc is a Nigeria-based company engaged in the marketing of refined petroleum products, manufacturing and marketing of lubricants, household and liquefied petroleum gas for domestic and industrial use. The Company operates through three segments: White products, Lubricants and Liquefied Petroleum Gas (LPG). The White products segment is involved in the sale of premium motor spirit (PMS), aviation turbine kerosene (ATK), dual purpose kerosene (DPK), low-pour fuel oil (LPFO) and automotive gasoline/grease oil (AGO). The products under the lubricants segment are lubricants transport, lubricants industrial, greases, process oil and bitumen. Products traded under LPG segment include liquefied petroleum gas-bulk, liquefied petroleum gas-packed, cylinders and valves.

According to its Full year Results released to the market on Friday 5th July, 2019 the Revenue for the period improved by 5.80% to N122bn when compared with N115bn recorded same period in 2017.

The company grew its Full Year bottom line Figures by 13.78% to settle at N1.796bn away from N1.578bn recorded same period in 2017.

The shareholders’ earnings per share added 32kobo to stand at N2.57 which is about 13% better than the previously reported N2.27 EPS of the last same period in 2017.

The PE Ratio is at 8.37x at a reference price of N21.65 and earnings yield of 11.95% as at the time of computation

 

 

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