Oando Makes Profit Of N4.1 Billion For First Quarter Of 2016

Oando filling station
Photo source: multixeptassociates.com
Oil firm Oando plc has finally publicized it's profit after tax of N4.1 billion for the first quarter of the year 2016. According to them, the results were delayed due to an exhaustive audit process overseen by external auditors, Ernst & Towing.

 The 4.1 billion profit represents a 12% increase compared to 2015's  first quarter.

 Commenting on this, the Group Chief Executive, Oando plc, Mr. wale Tinubu said "The first quarter of 2016 demonstrates our dedication to return our business to profitability by the end of the year.
 We  have implemented constructive  corporate initiatives, which are driving forces for our business in this new global reality of economic restraint and lower oil prices in our industry."

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