Conoil records 25.25% fall in half-year profit

Conoil said on Thursday its first half to June 31, pre-tax profit dropped 25.25 percent to N1.48 billion ($9.13 million), compared with N1.98 billion in the same period last year.

Revenue also fell to N78.51 billion, compared with N79.63 billion in the same period of the previous year, the company said in a filing with the Nigerian Stock Exchange.