BUSINESS

Conoil Experiences Profit Growth Of 213.7% In H1 2021

 

Conoil Plc, has released its financial statements for the half year ended 30 June 2021 with 213.7% jump in profit to N1.063 billion from N338.697 million in H1 2020.

Revenue for the period was however weaker at 17.7% growth to N67.638 billion from N57.456 billion in H1 2020.

The company is into marketing of refined petroleum products, manufacturing and marketing of lubricants, household and liquefied petroleum gas for domestic and industrial use.

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