Oil firm, Oando PLC’s pre-tax profits for the half year
to June, fell 20 percent to $67 million, compared to the same period
last year.
The
firm blamed the drop in profits on lower sales of Premium Motor Spirit
(PMS) due to the two-week strike against the withdrawal of fuel subsidy
in January.
However, the oil marketing and exploration company achieved a turnover of $2.3 billion in the first half, up from $1.87 million for the same period under review.
The
firm blamed the drop in profits on lower sales of Premium Motor Spirit
(PMS) due to the two-week strike against the withdrawal of fuel subsidy
in January.However, the oil marketing and exploration company achieved a turnover of $2.3 billion in the first half, up from $1.87 million for the same period under review.
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