Conoil grows profit by15.42% to N11.39bn in Q4 2024

Conoil Plc has declared a profit after tax of N11.39 billion for the 12 months ended 31 December 2024.

In the Unaudited Financial Statements of the Company, revenue of N323.13 billion was reported for the 12 months period, up by 60.45% from N201.39 billion reported the previous year.

Profit after tax grew by 15.42% to N11.39 billion from N9.87 billion reported the previous year.

Earnings per share of Conoil stands at N16.41.

At the share price of N387.2, the P/E ratio of Conoil stands at 23.59x with earnings yield of 4.24%.

Source: Conoil grows profit by15.42% to N11.39bn in Q4 2024 – StocksWatch

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