Conoil’s Profit Balloons Nearly Sixfold to N5.15 Billion in First Half 

Conoil Plc recorded a sharp rise in earnings in the first half of the year, with profit after tax climbing by 472 per cent to N5.15 billion.

The petroleum products marketing company had reported a profit after tax of N900.42 million in the corresponding period of 2025.

Revenue also increased by 25.2 per cent to N179.89 billion, compared with N143.65 billion in the same period last year. 

The figures were contained in Conoil’s unaudited financial statements released on Thursday.