• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions Blurb

[2014 FY RESULTS] Oando Just Posted One of The Biggest Losses On Record

Nairametrics by Nairametrics
October 23, 2015
in Blurb
[2014 FY RESULTS] Oando Just Posted One of The Biggest Losses On Record
Share on FacebookShare on TwitterShare on Linkedin

Oando Plc on Friday posted its long-awaited 2014 FY results, along with its Q1 2015 results.

The results show that Oando racked up record after-tax losses of N183.9 billion in FY 2014, far worse than analysts had estimated.

Oando’s mounting losses continued into 2015, with a N20.9 billion after tax loss in Q1 2015.

RelatedStories

Oando Plc,

Oando continues with strong financial performance, reports 172% growth in gross profit in Q1 2025 financial report 

June 26, 2025
Oando Plc,

Oando posts N113 billion Q1 PAT for 2025, on surging income tax credit 

June 25, 2025

FY 2014 total revenue fell by 5% to N424 billion from N449.8 billion, while Q1 2015 revenue increased by 83% to N33 billion, up from N18 billion in Q1 last year 2014.

See summary of result below…

Oando PLC Q1 201520152014% Change
N’mnN’mn
Revenue33,02718,00083.48%
Gross Profit13,44710,70225.65%
Operating Expenses-20,6976,722-407.90%
Pre-tax Loss for the year-18,275-3,929365.13%
Loss for year-20,964-2,716671.87%
Current Share Price
Oando PLC 2014 Full Year20142013% Change
N’mN’m
Revenue424,677449,873-5.60%
Gross Profit69,18159,28916.68%
Operating Expenses-271,876-41,396556.77%
Pre-tax Loss for the year-179,282-4,6763734.09%
Loss for year-183,8931,396-13272.85%
Current Share Price

The results also reveals a huge operating expense of about N225 billion in the last quarter of 2014 as the chief driver of the losses. The nature of the losses suggest it was a huge write down on impaired assets which is not a surprise to many analysts. Investors had estimated that it could take huge impairments on the CononocPhilips assets acquired in 2014 just about when the price of oil was at its peak before it fell by over 60% throughout 2015. It is also thought to be as a result of other assets thought to be in a pretty bad shape as the oil industry continue face negative headwinds.

The company is expected to release its facts behind the figure report in due course and will surely reveal exactly what happen. For now, all eyes would be on the intangible assets of N253 billion currently sitting on its balance sheet as at June 2015. Could it be the next can of worms waiting to be unleashed?

 

1 DOWNLOAD RESULT

2 DOWNLOAD RESULT

 

 

Tags: Oando Plc
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.

Related Posts

Oando Plc,
Companies

Oando continues with strong financial performance, reports 172% growth in gross profit in Q1 2025 financial report 

June 26, 2025
Oando Plc,
Company Results

Oando posts N113 billion Q1 PAT for 2025, on surging income tax credit 

June 25, 2025
Oando Plc,
Companies

Oando deepens upstream investment with $375m financing deal  

June 5, 2025
Oando Plc,
Companies

Oando secures $375 million injection from Afreximbank and Mercuria, eyes 100,000 barrels per day 

June 5, 2025
Oando Plc,
Companies

Oando becomes preferred bidder for Guaracara Refining Company in Trinidad, hints at Afro-Caribbean partnership 

March 11, 2025
Oando Plc,
Equities

Will Oando Plc gain another 529% this year? 

February 12, 2025
Next Post
Guinness Nigeria CEO Explains Why Its First Quarter Result Was This Bad

Guinness Nigeria CEO Explains Why Its First Quarter Result Was This Bad

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • FG, Femi Otedola deny involvement in FirstHoldCo’s N323 billion share acquisition 
  • Appeal Court prohibits Human Rights Commission from entertaining Oil Spillage Complaints in Nigeria 
  • CBN flags spike in loan defaults, small businesses top defaulters in Q2 2025 

Follow us on social media:

Recent News

Buy, Sell or Hold – FirstHoldco?

FG, Femi Otedola deny involvement in FirstHoldCo’s N323 billion share acquisition 

July 18, 2025
FCT High Court, Benjamin Joseph, zinox

Appeal Court prohibits Human Rights Commission from entertaining Oil Spillage Complaints in Nigeria 

July 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics