Conoil Plc reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was NGN 50,744.85 million compared to NGN 34,046.75 million a year ago. Net income was NGN 2,435.94 million compared to NGN 1,124.2 million a year ago. Basic earnings per share from continuing operations was NGN 3.51 compared to NGN 1.62 a year ago. Diluted earnings per share from continuing operations was NGN 3.51 compared to NGN 1.62 a year ago.
For the nine months, sales was NGN 137,888.46 million compared to NGN 90,294.83 million a year ago. Net income was NGN 8,690.74 million compared to NGN 2,936.41 million a year ago. Basic earnings per share from continuing operations was NGN 12.52 compared to NGN 4.23 a year ago. Diluted earnings per share from continuing operations was NGN 12.52 compared to NGN 4.23 a year ago.