Conoil Plc declares N2.50 dividend to shareholders for 2022 year end

The Directors of Conoil Plc has recommend the payment of a dividend of N2.50 per share for the year 2022.

In its Audited Report for 2022 year end published on Thursday, the Company reported a turnover of N131.4 billion, up by 3.71% from N126.7 billion reported the previous year.

Profit after tax grew year on year by 60.82% to N4.96 billion from N3.08 billion reported in 2021 year end.

Earnings per share of the company stands at N7.14.

At the share price of N43.6, the P/E ratio of Conoil stands at 6.10x with earnings yield of 16.39%.