Oando loses revenue, works to boost profit in 2014

Oando, is losing sales revenue for the second year this year, but the company is rebuilding profit rapidly after a huge drop last year. The petroleum company is by its second quarter result likely to remedy an unexpected 87 per cent profit crash in 2013 and push profit to a new peak this year.

Lifting profit from the lowest level in many years to a distant new peak is likely to be the summary of Oando’s operating story in 2014. The company looks ready to beat every other listed company on exceptional profit growth this year. Read more