Oando Profit-After-Tax up 267% to N220bn in FY2024

Oando’s Profit-After-Tax Soars 267% to N220 Billion in FY2024

By Chioma Obinagwam Oando PLC, a leading African energy company listed on the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE), reported a 44% revenue surge to N4.1 trillion in its audited FY2024 results, up from N2.9 trillion in 2023.Upstream Performance The Company told Confiance News in a statement on Wednesday. Oando’s upstream operations […]

Oando Profit-After-Tax up 267% to N220bn in FY2024

June 08, (THEWILL) – Oando PLC, Africa’s leading integrated energy company listed on both the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE), posted robust Audited Full Year (FY) 2024 financial results with a 44% increase in revenue to N4.1trillion compared to N2.9 trillion in FY 2023. In the upstream, Oando’s production witnessed