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BUSINESS AND ECONOMY

Tuesday, 28 October 2014 02:26

Oando pays N2.4 Billion dividend, 110% increase in PAT

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Shareholders of Nigeria’s leading indigenous oil and gas company, Oando PLC, were treated to a dividend payout of N2.4billion at the company’s recently concluded 37th Annual General Meeting.

The Board of Oando recommended a 30K dividend for the 2013 financial year and an interim 70K dividend for the six months ended June 30, 2014, which amounted to N2.4 billion at N1 per share.

The company posted N8.9 billion profit in H1 2014

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