Oando reports N4.5 billion profit for second quarter


Oando Plc is reporting NGN4.5 billion profit for second quarter 2017 compared to NGN26.9 billion loss reported same quarter in the financial year 2016.

Onado ended the quarter with NGN266.9 billion revenue as a group in contrast to NGN116.2 billion it ended the previous year with while gross profit was NGN33.4 billion against NGN5.0 billion posted in the year before.

Oando plc’s total assets at the end of the period was NGN1.0 trillion in contrast to NGN991.5 billion in the year before while total liabilities was NGN830.4 billion against NGN799.2 billion in the year before.

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