| Tue 25 Jan 2011, 13:00 | | OAO - Oando - Oando Earnings Forecast for the first quarter ending 31 March 2011 |
|
OAO
UNTP
OAO - Oando - Oando Earnings Forecast for the first quarter ending 31 March 2011
Oando PLC
(Incorporated in Nigeria and registered as an external company in South Africa)
(External Registration number: RC 6474
company registration number: 2005/038824/10)
Share Code on the JSE Limited: OAO
Share Code on the Nigerian Stock Exchange: UNTP
ISIN: NGOANDO00002
("Oando" or the "Company")
OANDO EARNINGS FORECAST FOR THE FIRST QUARTER ENDING 31 MARCH 2011
In terms of the Listings Requirements and Rules governing listing on the
Nigerian Stock Exchange, Oando is pleased to provide the following profit and
loss forecast for the first quarter ending 31 March 2011:
All figures in Naira millions
Q1 2011 Forecast
Turnover 101,958
Cost of sales (84,446)
Direct contribution 17,513
Operating expenses (8,500)
Other operating income/charges 1,061
Operating profit 10,074
Interest payable & similar charges (2,649)
Depreciation (1,850)
Profit before tax 5,575
Provision for tax (2,665)
Profit after tax 2,910
The earnings forecast reported in this announcement has neither been reviewed
nor reported on by the auditors of the Company.
25 January 2010
Sandton
JSE Sponsor
Macquarie First South Advisers (Proprietary) Limited
Date: 25/01/2011 13:00:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
