Oando Plc releases Q3 2018 results

Date:

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

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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).

Editorial Staff
Editorial Staffhttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

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