Oando PLC, Nigeria’s leading integrated energy solutions provider, has announced a 59% growth in Profit After Tax (PAT) for the half year ended 30 June 2008. The earnings grew from N2.31billion in 2007 to N3.67billion in 2008. The company’s board…
Oando Plc, the African integrated energy solutions provider which has a primary listing on the Nigerian Stock Exchange and a secondary listing on the JSE Limited (JSE) today reported an increase in Profit After Tax (PAT) of 69%, from $18.38m…
In its drive to further boost its upstream operations and continuously position itself as Nigeria’s integrated energy solutions provider, Oando PLC has announced the appointments of Mr. Tunde Ogunnaike and Dr. Raphael Awoseyin as the new Chief Executive Officer for…
Oando PLC, Nigeria’s leading integrated energy solutions provider has announced dividend payment to some of its shareholders, using the newly introduced electronic dividend payment platform, known as the e-dividend. This makes Oando PLC the first public quoted company in Nigeria…
Oando Marketing Limited, the leading oil marketing retailer in Nigeria and a subsidiary of Nigeria's energy giant Oando PLC, has recorded a landmark achievement with the signing of an operating agreement with Banner Gas, an engineering, construction and maintenance company…
In a bid to diversify its product line and further consolidate it Non-Fuel Revenue earnings, Oando Marketing, Nigeria’s leading marketer of petroleum products, and a subsidiary of Oando PLC, today introduces a new brand of aerosol dubbed Oando Insecticide. The…
Q1 2008 highlights compared to 2007 Grows Profit After Tax up by 30% EBITDA increases from N1.92b to N2.77b Operating profit increases by 65% Oando PLC, Nigeria’s leading integrated energy solutions provider, has announced a turnover of N69.4 billion for…
Oando Exploration and Production (OEPL), in line with its commitment to fast track the development of its upstream assets, today in Uyo, Akwa Ibom, signed a Global Memorandum of Understanding with the Ukana South 1 communities, within block OPL 236.…
2007 Highlights Compared to 2006: Gross profit grew to N21.4billion from N16.8b Gross profit margin increased to 11.5% from 9.0% Operating profit of N8.1 billion in 2007 from N5.3 billion Profit attributable to shareholders up 78% to N4.8 billion from…
Oando Plc, which has a primary listing on the Nigerian Stock Exchange and a secondary listing on the JSE Limited (JSE) reports Group Profit After Tax (PAT) for the financial year ended 31 December 2007 of $50m, an increase of…