FilingReader Intelligence
Oando reports N1.7tn revenue despite 15% decline
August 1, 2025 at 09:00 PM UTC•By FilingReader AI
Oando PLC reported N1.7 trillion revenue for H1 2025, down 15% year-on-year despite production volumes surging 63% to 37,012 boepd. The company recorded an operating loss of N158.7 billion due to fair value losses.
The oil firm completed $375 million refinancing and appointed Ayotola Jagun as executive director.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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