Oando Plc reports N132bn loss after tax in 2020 year end

Oando Plc on Wednesday published its long overdue financial reports for 2019 and 2020. The reports includes also included all the outstanding quarterly reports.

In 2020 financial year, Oando reported a turnover of N489.986 billion, down by 15.02% from N576.572 billion reported in 2019 financial year.

A loss after tax of N132.57 billion was reported for the 12 months period, as against the loss after tax of N207.08 billion reported in 2019.

A negative EPS of –N10.66 was calculated for the year 2020, against the negative EPS of –N16.66 in 2019.

Just as the market is anticipating the release of the remaining Company’s Financial Reports for 2021 and Q1 2022, Oando released a publication of its intention to buyout minority shareholders of the company, which could eventually lead to delisting of the company from the Nigerian Exchange.

Source: Oando Plc reports N132bn loss after tax in 2020 year end – StocksWatch (stocksng.com)

Related Posts

18

Sep
Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed: […]

18

Sep
Business & Economy

Nigerian Bourse drops by 1.10% in one week on profit taking, sheds N409bn

The Nigerian stock market declined by 1.01% week on week, as NESTLE, PRESCO and other 51 stocks shed weights. The All Share Index dropped by 1.10% to settle at 67,395.74 points from 68,143.34 points. Consequently, the Market capitalization also dropped by 1.10% to settle at N36.886 trillion from N37.295, thereby shedding N409 billion. An aggregate of 2.93[…]