LEADERSHIP Newspapers·3 min read·hard
Oando Posts N127.8bn Operating Profit In H1
O
Olushola Bello
✦AI Summary
Oando Plc reported a significant financial turnaround in the first half of 2026, achieving an operating profit of N127.8 billion compared to a loss in the previous year. The growth was driven by increased production and improved asset management within their exploration and trading segments.
Oando Plc has reported a major turnaround in the first half of 2026, posting an operating profit of N127.8 billion compared to an operating loss of N158.7 billion in H1 2025, as higher production and lower unit costs began to flow through from its enlarged asset base.
businesseconomy
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