Petroleum Africa
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Wednesday, September 24, 2014
Oando plc out of Nigeria saw a hefty rise in its pre-tax profit for H1. According to the company, an increase of 103% was seen over the same period in 2013. It did however see revenue dropped to 194.55 billion naira compared with 280.32 billion, the firm said in a filing with the Nigerian Stock Exchange.
Oando has proposed a 0.70 naira interim dividend from its H1 profit and a 0.30 naira final dividend on its 2013 full-year profit.
Shares in the oil and gas firm were up 9.5% the local bourse.
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