Conoil Plc approves N1.7bn dividend to shareholders

This translates to N2.50 per share for the 2022 financial year.

In a statement issued at the weekend after its 53rd Annual General Meeting held in Uyo, Akwa Ibom State, the firm said that despite the developmental challenges in the country and the tough operating environment, its Profit Before Tax grew by 60.1 per cent to N6.13bn in 2022 from N3.83bn in 2021, while Profit After Tax increased by 60 per cent from N3.08 bn to N4.96 billion in the same period.

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