Oando Plc reports 71% increase in turnover to N3.4 trillion for 2023 unaudited financials, amid pipeline vandalism impacting crude production.
Oando Plc, Nigeria's energy solutions provider, reported a 71% increase in turnover for its 2023 full-year unaudited financials, reaching N3.4 trillion. The company achieved a profit-after-tax of N74.7 billion, despite pipeline vandalism impacting crude production. Oando's upstream operations saw a 1% increase in average daily production to 20,837 boepd. Traded crude oil volumes increased by 50% to 32.8 million barrels in 2023.
June 01, 2024
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