Conoi year end financial statement Dec’ 15

As audited by  Nexia Agbo Abel & Co the company’s revenue reduced by 35%  year on year to end at N82.91 billion. Retained earnings increased by 13.5% up from N11.92 billion to close at N 13.53 billion.

Profit after tax took a positive nudge by 176.5% to close at N2.30 billion with the directors recommending  the payment  of  a  300 kobo per share dividend of on the 2015 results.

The principal activities of the Company are the marketing of refined petroleum products, manufacturing and marketing of lubricants, household and liquefied petroleum gas for domestic and industrial use.

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