BREAKING NEWS: Oando’s Q1 profit surges 90.5% to N113bn
Oando Plc has posted a profit after tax of N113.06bn for the first quarter ended March 31, 2025, representing a 90.5 per cent increase from the N59.35bn reported in the corresponding period of 2024.
This growth was largely driven by a tax credit of N165.62bn and a reversal of impairment losses amounting to N182.29bn, which helped cushion the effects of operating and finance-related pressures during the period.
According to its unaudited interim consolidated financial statements filed…READ ORIGINAL & FULL CONTENT HERE