Against the narrative of the challenging business environment, Conoil Plc on Tuesday published its financial results for the month ended September 2019, posting a profit after tax of N1.7 billion, an indication of 7 per cent rise for profit for the period.
Shareholders of Conoil Plc have cause to cheer as the major oil marketing company has expressed optimism about juicy returns on investment, in line with its tradition of delivering increasing dividend.
The management of petroleum products market giant- Conoil Plc, on Wednesday, presented its financials for the first quarter ended March 31, 2019, showing that sales revenue increased by 3.8% from N31.318bn to N35.637bn.
The Board of Conoil Plc has approved the appointment of Mr. Ismail Salam as the Acting Executive Director Finance.
Major petroleum products marketer, Conoil Plc has reported growths in its unaudited third quarter results for the current financial year. Aided by a strong growth in sales volume and a significant reduction in cost of funds, the results, which was released to The Nigerian Stock Exchange (NSE) over the weekend, showed that Conoil continued to […]
The nation’s total energy provider, Conoil Plc has lived up to its pledge to maintain a growth momentum as the company’s recorded impressive performance in the first half of this year with profit soaring by 29 per cent to N809.78 million. The unaudited half year report of the company released by the Nigerian Stock Exchange […]
Crude oil prices dropped by over one per cent wednesday with the global benchmark crude, Brent slumping by $1.7 or 1.2 per cent, while the United States crude declined by $1.07 or 1.7 per cent after data showed that the United States’ crude inventories rose unexpectedly. While the US West Texas Intermediate (WTI) dropped 1.2 […]
Conoil Plc, one of the nation’s foremost indigenous petroleum marketer has proposed N1.4billion as dividend payout to its shareholders for its last financial year in the face of daunting economic challenges in the country. This translates to N2.00 on every 50 kobo ordinary share. It is in line with the Company’s consistent dividend policy, over […]
Conoil Profit Rises by 176%, proposes 200% dividend increase payout Conoil has announced a 176 per cent increase over its last financial year profit despite the turbulence that rocked the nation’s economy and indeed, the downstream sector of the petroleum industry in 2015. Following this impressive performance, the oil marketing giant has proposed a 200 […]