2019: Conoil records N139.8bn turnover; pays N1.39bn dividend

Conoil posts N424m profit in Q1 2021

Against the background of the tough challenges that marked the operating environment of the downstream oil sector, the nation’s total energy provider, Conoil Plc turnover still surged by 14.4 per cent to N139.8 billion in 2019. Conoil’s 2019 full year results, made available to journalists, showed that the company maintained its leadership position in the industry, reaping bountifully from the huge investments in its business portfolios. The company recorded a 9.8 per cent growth in Profit after Tax (PAT) which rose to N1.97 billion in 2019 from N1.79 billion posted…

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