In the half year (H1) period ended June 30, 2021, Conoil Plc grew its profit after tax (PAT) by 213.7percent to N1.06billion, up from a low of N338.69billion.
The N18.5kobo per share which Conoil Plc traded on the Nigerian Exchange Limited (NGX) on Wednesday represents year-to-date (ytd) decrease of 11.3percent.
In the review half year period, its revenue of N67.63billion as against N57.45billion in H1’20, represents an increase of 17.7percent.
Read also: Oil majors’ divestment: How local operators can finance deals
Profit before taxation (PBT) also increased by 213.7percent to N1.56billion from N498.08billion in H1’20.
Shareholders’ funds increased to N20.58billion from N19.80billion in H1’20, up 3.9percent. Earnings per share (kobo) increased by 213.7percent to 153kobo from 49kobo.
Conoil Plc with a free float percentage of 24.26percent as at June 30, 2021, is compliant with The Exchange’s Free Float requirements for the companies listed on the Main Board.
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Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
