Conoil Plc (NSE -CONOIL) reported a decline in both revenue and profit after tax for the nine months ended 30 September 2020, according to the unaudited financial statements filed with the Nigerian Stock exchange.

However, the profit after tax for the third quarter (July to September 2020) rose by 16% due to cost control measures implemented by the company despite the 24% decline in revenue recorded in the third quarter compared to Q3 2019.

Revenue dipped by 22% to N88.10 billion in the first nine months of the year compared to...


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