Conoil Plc reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was NGN 63,498.6 million compared to NGN 41,127.44 million a year ago. Net income was NGN 935.06 million compared to NGN 3,285.09 million a year ago. Basic earnings per share from continuing operations was NGN 1.35 compared to NGN 4.73 a year ago. Diluted earnings per share from continuing operations was NGN 1.35 compared to NGN 4.73 a year ago.
For the full year, sales was NGN 201,387.05 million compared to NGN 131,422.27 million a year ago. Net income was NGN 9,625.8 million compared to NGN 4,957.73 million a year ago. Basic earnings per share from continuing operations was NGN 13.87 compared to NGN 7.14 a year ago. Diluted earnings per share from continuing operations was NGN 13.87 compared to NGN 7.14 a year ago.