Conoil Grows Earnings To N145.8 bn, Pays N1.73bn Dividends

The nation’s total energy provider Conoil Plc, grew its gross earnings by 5.3 per cent to N145.8 billion for the 2022 financial year, from N138.2 billion in the corresponding period of 2021. The major oil marketer in a statement at the weekend on its audited results for the year ending December 31, 2022, said despite the massive developmental challenges in the country and the tough operating environment, its Profit Before Tax grew by 60.1 per cent to N6.13 billion in 2022 from N3.83 billion in 2021, while Profit After Tax…

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