A Review of the Nigerian Energy Industry

Oando expects N191bn turnover in Q2

12 April 2012, Sweetcrude, LAGOS – Oando Plc, Nigeria’s iIntegrated energy group, says it is expecting a turnover of N191.354 billion and an operating profit of N11.618 billion for the second quarter (Q2) ending June 30, 2012.

This is part of projections by the company at the Nigerian Stock Exchange (NSE), a requirement for all listed companies on the exchange.

The company also expects profit before tax of N5.3 billion and profit after tax of N3.6 billion for the quarter.

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