Oando PLC reports increased revenue, profit remains strong

Oando PLC (JSE: UNTP) has announced its summarised unaudited interim financial results for the three months ended March 31, 2025. The company reported total revenue of NGN 932,573,600, a notable increase from NGN 915,419,938 in Q1 2024. Despite the revenue growth, the profit for the period stood at NGN 113,057,583, compared to NGN 59,345,958 in the prior year. The company reported basic earnings per share of 1 cent for the current period, compared to 0 cent in the corresponding period. Shareholders can access the full Quarterly Report: Q1 2025 on the JSE and Oando websites.