On Friday, May 31, 2023, Oando PLC, Nigeria’s leading indigenous energy solutions provider, posted a N74.7 billon Profit-After-Tax (PAT) in its full-year-ended 2023 unaudited financials.
This profit shows a positive turn in the company’s fortunes in comparison to the preceding year when the company posted a loss after tax.
Within the larger industry context, Oando’s N74.7 billion PAT compares favourably with indigenous peers over the same period under review such as Seplat Energy which recorded N81.330 billion.
