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Conoil Plc to pay N2.50 dividend to shareholders for 2022

Stanley Osariemen by Stanley Osariemen
May 26, 2023
in Business
Conoil Plc to pay N2.50 dividend to shareholders for 2022

Conoil Plc

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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.

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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%.

Tags: Conoil PlcConoil Plc to pay N2.50 dividend to shareholders for 2022Mike Adenuga

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