Oando PLC reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was NGN 1,053,986.53 million compared to NGN 721,105.84 million a year ago. Net loss was NGN 30,512.17 million compared to NGN 36,508.85 million a year ago. Basic loss per share from continuing operations was NGN 2 compared to NGN 3 a year ago.
For the full year, sales was NGN 3,403,475.8 million compared to NGN 1,993,754.36 million a year ago. Net income was NGN 79,967.47 million compared to net loss of NGN 78,719.26 million a year ago. Basic earnings per share from continuing operations was NGN 6 compared to basic loss per share from continuing operations of NGN 6 a year ago.