Oando has announced unaudited results for the nine months ended September 30, 2008. Oando has a primary listing on the Nigerian Stock Exchange and a secondary listing on the JSE Limited (JSE).

Oando CEO, Adewale Tinubu said, "We are pleased to announce today yet another strong performance, with gross profit of $138.63 million, up 63% over the same period in 2007. This performance, anchored by superior and operating efficiency was largely driven by our Supply and Trading, Marketing and increasingly, Gas and Power businesses. This reflects the diversity and strength of Oando business model along the energy value chain. We are inspired by these results and confident that this positive trend will continue, leading to a robust year end performance."...more...