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Oando PLC (OANDO.LG)

OANDO.LG on Lagos Stock Exchange

5.00NGN
7:23am EDT
Change (% chg)

-0.02 (-0.40%)
Prev Close
5.02
Open
5.00
Day's High
5.00
Day's Low
4.98
Volume
559,832
Avg. Vol
4,768,308
52-wk High
8.11
52-wk Low
3.54

Latest Key Developments (Source: Significant Developments)

Oando Plc reports H1 loss after tax of 27.0 bln naira
Tuesday, 2 Aug 2016 12:08am EDT 

Oando Plc : Says H1 turnover increased by 18%, 212.0 billion naira compared to 180.0 billion naira year ago . Says H1 loss-after-tax decreased by 23%, (27.0 billion naira) compared to (35.0 billion naira) year ago Source: http://bit.ly/2avFPE4 Further company coverage: [OANDO.LG] ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

Oando sees "materially lower" Q2 earnings due to naira devaluation
Monday, 18 Jul 2016 09:41am EDT 

Oando Plc : Expects to report materially lower earnings for Q2'16 due to impact of naira devaluation against us dollar . Says impact of naira devaluation expected to amount to unrealized foreign exchange loss . At time of devaluation,Co had USD denominated borrowings of about $260 mln in naira dominated earnings businesses . Reiterates its focus of returning the group to profitability by growing dollar earning higher margin upstream and export trading businesses Source : http://bit.ly/29OqVaW Further company coverage: [OANDO.LG] ((Bengaluru Newsroom; +91 80 6749 1130;)).  Full Article

Oando concludes recapitalization and partial divestment of equity stake in downstream operations
Monday, 4 Jul 2016 12:26am EDT 

Oando Plc : Says has announced $210 million recapitalization of downstream operations by hv investments . HV Investments II B.V., (HVI) is joint venture owned by Helios Investment Partners and The Vitol Group . Says new company will be formed to hold interests in Oando Marketing Ltd, Oando Supply & Trading Ltd, Apapa Spm Ltd, and Oando Trippmart Ltd . Says the Co will retain 49% shareholding in newly formed corporate vehicle, with the consortium owning 49%, and the residual 2% owned by local entity . Says the new company will be renamed OVH Energy . Says initial board will consist of Wale Tinubu, Group Chief Executive of Oando Plc., as the Chairman, Christian Chammas, CEO of Vivo Energy . Says current CEO, Yomi Awobokun, will continue in his role and service stations will retain the Oando brand Source : http://j.mp/29dOvij Further company coverage: [OANDO.LG] ((Bengaluru Newsroom; +91 80 6749 1130;)).  Full Article

Oando reports qtrly group revenue of 27.72 bln naira
Friday, 1 Jul 2016 06:16am EDT 

Oando Plc : Quarter ended march 2016 group revenue of 27.72 billion naira versus 30.65 billion naira year ago . Quarter ended march 2016 group loss before income tax from continuing operations of 18.65 billion naira versus loss of 11.34 billion naira year ago Source : http://bit.ly/29a2vKY Further company coverage: [OANDO.LG] ((Bengaluru Newsroom; +91 80 6749 1130;)).  Full Article

Oando reports FY group revenue of 161.50 bln naira
Friday, 1 Jul 2016 06:07am EDT 

Oando Plc : Fy ended Dec 2015 group revenue of 161.50 billion naira versus 92.91 billion naira year ago . Fy ended Dec 2015 group loss before income tax of 32.74 billion naira versus loss of 88.73 billion naira year ago Source : http://bit.ly/29771sb Further company coverage: [OANDO.LG] ((Bengaluru Newsroom; +91 80 6749 1130;)).  Full Article

Nigerian Stock Exchange says continues review of Oando Plc situation
Monday, 2 Nov 2015 07:00pm EST 

Nigerian Stock Exchange:Says continues its review of Oando Plc situation.Reviewing situation on Oando's delayed filings of statements of for year-ended 31 Dec 2014, and its Q1 and H1 delayed filing.Says "greatly concerned" about Oando Plc's delayed filings and significant losses which were posted for FY 2014 and first three quarters of 2015.Oando has been sanctioned for violations of post-listing obligations in accordance with applicable rules of the exchange.  Full Article

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