OAO - Oando PLC - Oando earnings forecast for the second quarter ending
OAO
UNTP
OAO - Oando PLC - Oando earnings forecast for the second quarter ending
30 June 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 SECOND QUARTER ENDING 30 JUNE 2011
In accordance with the Listings Requirements and Rules governing the Company`s
listing on the Nigerian Stock Exchange and Section B4(3) of the New Rule
/Amendments to the Rules & Regulations of the Nigerian Securities and Exchange
Commission, Oando is pleased to provide the following earnings forecast for
the second quarter ending 30 June 2011:
All figures in US$ `millions
Q2 2011 Forecast
Turnover 905
Cost of sales (787)
Direct contribution 118
Operating expenses (61)
Other operating income/charges 11
Operating profit 67
Interest payable & similar charges (20)
Depreciation (13)
Profit before tax 35
Provision for tax (16)
Profit after tax 19
The earnings forecast reported in this announcement has neither been reviewed
nor reported on by the auditors of the Company.
19 May 2011
Sandton
JSE Sponsor
Macquarie First South Advisers (Proprietary) Limited
Date: 19/05/2011 07:05:14 Produced by the JSE SENS Department.
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