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Home Markets Equities Company Results

2017 results: Oando Plc records 405% increase in profit

Onome Ohwovoriole by Onome Ohwovoriole
April 27, 2018
in Company Results, Markets, Stock Market
Wale Tinubu.

Wale Tinubu. Group CEO, Oando Plc

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Oando Plc today released its financial statements for the year ended December 2017.

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.

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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.

DOWNLOAD OANDO PLC FY 2017 RESULTS


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Tags: 2017 FY resultsOando Plc
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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