|
OAO
UNTP
OAO - Oando PLC - Oando earnings forecast for the first quarter ending 31
March 2012
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 2012
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 2012:
All figures in $ `millions
Q1 2012 Forecast
Turnover 886
Cost of sales (767)
Direct contribution 119
Operating expenses (59)
Other operating income/charges 4
Operating profit 64
Interest payable & similar charges (22)
Depreciation (14)
Profit before tax 27
Provision for tax (8)
Profit after tax 19
The earnings forecast is prepared in compliance with Nigerian Statement of
Accounting Standards (SAS) translated to US Dollars ($).
The earnings forecast reported in this announcement has neither been
reviewed nor reported on by the auditors of the Company.
20 December 2011
Sandton
JSE Sponsor
Macquarie First South Capital (Proprietary) Limited
OANDO PLC -
EARNINGS FORECAST FOR THE FIRST QUARTER ENDING 31 MARCH 2012
KEY ASSUMPTIONS
1 Exchange Rate NGN/USD - 160
Interbank
2 Annual Consumer Inflation Rate 11.1%
(Year on Year)
3 Average borrowing rate 17.5%
4 Average selling price per barrel $130/barrel
of crude
5 Average selling price per ($5.66/mscf)
standard cubic meter of natural N31.15/scm
gas
6 Average selling price per litre ($0.42/litre)
of Premium Motor Spirit (PMS) N65/litre
7 Average selling price per litre N157/litre ($1.03/litre)
of Automotive Gas Oil(AGO)
8 Average operating day rate for $101,401/day
swamp rigs
9 Average efficiency rate for 95%
swamp rigs
10 Tax Rate - Company Income Tax 30%
11 Tax Rate - Education Tax 2%
12 Tax Rate - Petroleum Profit Tax 50%
Date: 20/12/2011 15:00:10 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.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
