Conoil Plc reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NGN 52,176.05 million compared to NGN 30,099.5 million a year ago. Net income was NGN 3,245.11 million compared to NGN 1,254.99 million a year ago. Basic earnings per share from continuing operations was NGN 4.68 compared to NGN 1.81 a year ago. Diluted earnings per share from continuing operations was NGN 4.68 compared to NGN 1.81 a year ago.
For the six months, sales was NGN 87,143.61 million compared to NGN 56,248.09 million a year ago. Net income was NGN 6,254.8 million compared to NGN 1,812.22 million a year ago. Basic earnings per share from continuing operations was NGN 9.01 compared to NGN 2.61 a year ago. Diluted earnings per share from continuing operations was NGN 9.01 compared to NGN 2.61 a year ago.