Conoil Plc recently published its Second Quarter report for the period ended 30 June 2024. The report shows that the oil firm achieved growth in its revenue and profit after tax, year on year.
The Company reports revenue of N180.574 billion for the 6 months period, up by 107.21% from N87.144 billion reported the previous year.
Profit after tax of N8.02 billion was achieved for the 6 months period, up by 28.25% from N6.25 billion reported the previous year.
Earnings per share of the Company stands at N11.56.
At the share price of N144, the P/E ratio of Conoil stands at 12.46x with earnings yield of 8.03%.