Conoil’s Shareholders Laud Strategy, Approve N2.1bn Dividend

Conoil’s Shareholders Laud Strategy, Approve N2.1bn Dividend

The shareholders of Conoil Plc have approved the company’s N2.1bn dividend payout for the last financial year, The Punch reports.

The investors, at the its 47th Annual General Meeting held in Uyo, Akwa Ibom, praised Conoil’s business strategy, as well as the management and board of the company for the impressive performance it recorded in 2016. They also commended the prudent and efficient execution of projects and plans, strong commitment to the culture of financial discipline, while also ensuring maximum value for shareholders.

In a statement, the petroleum products marketer expressed its gratitude to all those who made it possible to achieve the excellent results; including shareholders for their confidence, customers for their unalloyed patronage, and staff for their dedication and hard work. It assured its stakeholders of bigger and better business prepositions with an eye on the future to continue to deliver excellent results.

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