Oando Plc today released its financial statements for the year ended December 2017.
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Here are the key highlights of the results;
Revenue
Oando recorded Revenue of N497 billion for the year ended December 2017 compared to N455 billion reported for the year ended December 2016. This represents a 9.2% increase year on year.
Profit Before Tax
Profit before tax for the company was N20.7 billion for the year ended December 2017, as against a loss before tax of N62.9 billion reported a year earlier
Profit After tax
The Group’s profit after tax for the year ended December 2017 was N19.7 billion compared to N3.9 billion recorded a year earlier. This represents a 405% increase year on year.
Earnings Per Share
Oando Plc also reported earnings per share of 113 kobo for the year compared to 30 kobo reported as at the year ended December 2016. This represents a 276% increase year on year.
Dividends
The Group did not propose any dividend for the year ended December 2017
Current share Price
Oando Plc today closed at N9.15, unchanged from the previous day’s closing price.
