Oando Plc reports N76.296bn profit in Q3 2024

Oando Plc on Monday published its Third Quarter report for the period ended 30 September 2024.

The Oil firm reported revenue of N3.19 trillion for the 9 months period, up by 35.76% from N2.35 trillion reported the previous year.

Profit after tax of N76.296 billion was reported for the 9 months period, down by 30.77% from N110.21 billion reported the previous year.

Earnings per share of Oando stands at N6.14.

At the share price of N68.90, the P/E ratio of Oando Plc stands at 11.23x with earnings yield of 8.91%