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Home Opinions Blurb

Oando’s Magical 2014 Q2 Results In One Quick Chart

Nairametrics by Nairametrics
September 23, 2014
in Blurb
Oando’s Magical 2014 Q2 Results In One Quick Chart
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Oando’s released its 2013 Full year result and 2014 Q1 and H1 results earlier today and I am yet to fully digest the results in its entirety. However, one quarter that sticks out is the 2014Q2 (April to June 2014). The result is mind blowing considering the huge jump in margins. The company posted a massive N12.5billion in pre-tax profits that quarter the highest in the last 10 quarters and 80% of 2012 and 2013 pre-tax profits combined.

In fact, this charts more than anything else depicts this surge.

Screenshot (35) Screenshot (36)

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The key factor here was the gross profit margin during the quarter. The company earned N33 for every N100 in revenue as Gross profit almost double industry sector. I am licking my lips already here.

Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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Comments 1

  1. Ogus says:
    September 24, 2014 at 11:32 am

    really mind blowing

    Reply

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