By InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketing major, Conoil Plc on Thursday said its profit after tax (PAT) for the period ended December 31, 2015 climbed up 176.6 percent to N2.31 billion from N834.4 million recorded a year ago.

Similarly, profit before tax (PBT) of the nation’s top oil marketer rose 125.1 percent to N3.45 billion from N1.53 billion reported the same period of 2014.

However, revenue of the firm, declined from N128.3 billion in 2014 end to N82.9 billion in the review period of 2015; Conoil said in a filing with the Nigerian Stock Exchange (NSE).

The company proposed a dividend of N3.00 per share to its shareholders amounting to 200 percent increase in dividend payout compared to N1.00 paid in 2014 audited year end.

At the close of Thursday’s session on the Nigerian bourse, Conoil led the gainers chart as its shares grew 4.96 percent to N21.59 from N20.57 traded the previous session; gaining N1.02 per share in the review period.

Click here to download Financial Statements for the year ended December 31, 2015 Conoil Plc