Oando Reports 56% Decline In Traded Refined Petroleum Products

Oando Plc has released its unaudited financial results for the nine-month period ended September 30, 2024, with the report highlighting a 56 per cent year-on-year decline in traded refined petroleum products.

In a statement filed with the NGX, Oando disclosed that it traded 599,929 metric tonnes (MT) of refined petroleum products during Q3 2024, a sharp drop from the 1,365,041 MT recorded during the same period in 2023.