[CONOIL]>> COMPANY REPORT (Source: CONOIL, Date: 31-Jan-2020)
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 DECEMBER 2019 FOR CONOIL PLC
								
													Audited
				     Oct - Dec		Oct - Dec		Jan-Dec			Jan-Dec
			Note		2019		 2,018 			2019	 		2,018 
			 		N?00 		 N?00 	 		N?00 	 		N?00 
Revenue			5	    27,035,595 		 46,374,880 	   139,758,398 	             122,213,014 
Cost of sales	        6	   (24,379,557)		 (43,977,990)	  (126,045,066)	            (109,442,111)
Gross profit			     2,656,038 		   2,396,890 	    13,713,332 	              12,770,903 
							
Other operating income	7		 30,900 	     -   	       123,600 	               79,012 
Other gains or losses	8		 -   		     12,600 	         -   	               34,699 
Distribution expenses	9	    (1,306,363)		 (1,008,710)	      (3,074,330)	     (2,571,260)
Administrative expenses	10	    (1,778,154)		 (1,061,560)	      (6,874,069)	     (6,238,524)
Finance cost	11		       721,359 		    (13,705)	      (1,111,481)	     (1,508,064)
Profit before tax	12		 323,780             325,515 	        2,777,052 	       2,566,766 
							
Income tax expense	13		 (6,203)	     208,497 	         (791,250)	        (770,723)
Profit for the year			 317,577 	     534,012 	         1,985,802 	        1,796,043 
							
Other comprehensive income for the year net taxes	        -   	            -   	           -   
							
Total comprehensive income	         317,577 	     534,012 	          1,985,802 	        1,796,043 
							
							
Earnings per share							
							
Basic earnings per share (kobo)	            46 		         77 	              286 	           259 
Diluted earnings per share (kobo)	    46 		         77 	              286 	           259 
Proposed dividend per share(kobo)	    -   	         -                      -                  100 
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