Oando plc in its financial report for the nine months ended in 2017 recorded NGN2.3 billion net profit compared to NGN54.3 billion loss recorded same period in the financial year 2016.
Revenue for the period increased to NGN383.3 billion in contrast to NGN227.8 billion posted in the previous year. Meanwhile, gross profit was NGN71.2 billion against NGN13.0 billion reported in the year before.
Operating profit stood at NGN38.0 billion against NGN4.1 billion operating loss posted in the fiscal year 2016 while finance costs was NGN25.4 billion against NGN43.0 billion last year.
Total assets declared by Oando plc for this period was NGN933.1 billion compared to NGN991.5 billion acquired in 2016 while total liabilities was NGN735.1 billion versus NGN799.2 billion in the year before.
