Conoil Plc reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was NGN 30,099.5 million compared to NGN 34,546.29 million a year ago. Net income was NGN 1,254.99 million compared to NGN 638.67 million a year ago. Basic earnings per share from continuing operations was NGN 1.81 compared to NGN 0.92 a year ago. Diluted earnings per share from continuing operations was NGN 1.81 compared to NGN 0.92 a year ago.
For the six months, sales was NGN 56,248.09 million compared to NGN 67,637.93 million a year ago. Net income was NGN 1,812.22 million compared to NGN 1,062.6 million a year ago. Basic earnings per share from continuing operations was NGN 2.61 compared to NGN 1.53 a year ago. Diluted earnings per share from continuing operations was NGN 2.61 compared to NGN 1.53 a year ago.