Wale-Tinubu, Group CEO, Oando Plc

Oando Plc has released its results fpr the third quarter ended September 30, 2018. Here are highlights of the results

Revenue

Revenue jumped from N383 billion in 2017 to N505 billion in 2018.

Profit Before Tax

Profit before tax (from continuing operations) fell from N9.4 billion in 2017 to N4.7 billion in 2018.

Profit After Tax

Profit after tax  (from continuing operations) however jumped from N2.3 billion in 2017 to N10.3 billion in 2018, due to a tax credit.

Earnings Per Share

Earnings per share stood at N0.32 in 2018, compared to a loss of N0.29 made in the corresponding period of 2017.

Current Share Price

Oando is currently trading at N5.20 in today’s trading session on the Nigerian Stock Exchange (NSE).

 

DOWNLOAD OANDO PLC Q3 2018 RESULTS

 

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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

1 COMMENT

  1. oando! one company i don’t understand their motivate.., only expanding in theory i.e telling us big stories but when it comes to shareholders value appreciation or paying of dividends0bonus scrip they tend to have forgotten that area. honestly i can’t remember when last they paid either dividend or bonus.
    is this oando not the same company i bought a share of it above 1000k?

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