Conoil Plc declares N2.50 as dividend, grows FY 2021 profit by 114%

Conoil Plc on Tuesday declared N2.50 as dividend to its shareholders for the year ended 31 December 2021.

The Company reported a turnover of N126.73 billion for the 12 months period, up by 7.88% from N117.47 billion reported the previous year.

Profit after tax grew by 114% to N3.08 billion from N1.44 billion reported in FY 2020.

Earnings per share of the company stands at N4.44, up by 114% from the EPS of N2.08 achieved the previous year.

At the share price of N22.25, the P/E ratio of Conoil stands at 5.01x with earnings yield of 19.97%

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