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%.