CONOIL Post -25.4% Decline Q3’17 in Pretax Profit

Image result for conoil plc

By InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketing major, Conoil Plc said on Monday its pretax profit for the period ended September 30, 2017 depreciated 25.4 percent to N2.02 billion from N2.71 billion posted the same period of last year.

Post-tax profit for the period of the oil marketing firm, also declined 25..0 percent to N1.35 billion from N1.80 billion declared the same period of 2016.

Revenue of the company increased from N63.95 billion in the third quarter of 2016 from N70.22 billion in the review period of 2017; indicating a growth of 9.8 percent, CONOIL said in a filing with the Nigerian Stock Exchange (NSE).

Click here to download PDF copy of Conoil Plc Unaudited Financial Statements for the Period Ended September 30, 2017