Conoil’s 9-month pretax profit drops 32 pct

Nigerian fuel retailer Conoil said on Monday its 9-month pretax profit fell 32.1 percent to 2.09 billion Nigerian naira ($12.63 million) from 3.08 billion naira a year earlier.

Turnover fell to 104.22 billion naira in the nine months to September from 121.80 billion a year ago, the company said in a filing with the Nigerian Stock Exchange.

Source : BusinessDay

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