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 |
| Current Share Price |
