Oando back in the black
The Nigerian energy group reported a profit for the 12 months ended December of N74.7bn after a loss of N81.2bn the previous year
03 June 2024 – 08:46
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Nigerian energy group Oando, which was suspended by the JSE on April 2 for failing to submit its earnings reports on time, has released its 2023 annual financial statements, returning to a profit for the period.
The group reported profit after tax for the 12 months ended December 2023 of N74.7bn after a loss of N81.2bn the previous year. Turnover rose 71% to N3.4-trillion, the company said in a statement on Monday…
