Oando released its interim financial statements for the third quarter of 2014 and 2015.

The result showed that gross profit fell 36% in the third quarter of 2015 to N41 billion from N64 billion in the third quarter of 2014.

The company declared a loss before tax of N52 billion

See Summary of result below…

Oando Plc Q3 2015 2015 2014 % Change
N’m N’m
Revenue 95,784 101,334 -5.48%
Gross Profit 41,059 64,119 -35.96%
Operating Expenses -45,882 -37,032 23.90%
(Loss)/Profits After Tax -52,034 3,216 N/A
(Loss)/Profit After Tax -47,647 5,165 N/A
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