Conoil Plc last week published its Audited Financial Statement for the year ended 31 December 2023.
The Oil firm reported a turnover of N201.387 billion for the 12 months period, up by 53.24% from N131.42 billion reported the previous year.
Profit after tax of N9.868 billion was reported for the year under review, up by 99% from N4.958 billion reported in FY 2022.
Earnings per share of the Company stands at N14.22.
At the share price of N105, the P/E ratio of Conoil stands at 7.38x with earnings yield of 13.54%.