Oando rebounds from loss to N32.9bn Profit-After-Tax in 2021

Energy group, Oando Plc, has released its audited results for the financial period ended December 31, 2021, where it revealed that it recorded N32.9bn as Profit-After-Tax in contrast to a Loss-After-Tax of N140.7bn in 2020. The results which were filed with the Nigerian Exchange Limited on Monday, revealed that the indigenous energy company’s turnover increased by 68 per cent to N803.5bn compared to N477.1bn in 2020.  The group’s total borrowings also increased by 10