Oando pushing hard to get its annual results released

The JSE building in Sandton, Johannesburg. Stock image

The JSE building in Sandton, Johannesburg. Stock image

Published Apr 10, 2024


Oando PLC, the Nigeria-based energy group that is listed on the Nigerian and Johannesburg stock exchanges, yesterday said it had missed the deadline to file its audited financial statements for the year to December 31, 2023.

Oando’s shares were suspended on the JSE at the end of last month due to the failure to report financial results.

The group said the financial results, which were due by March 30, 2024, were delayed as a result of delays with finalising the Oando Groups' 2022 audited financial statements.

“The 2022 audited financial statements of Oando PLC have now been finalised and approved by the Board … and will be sent to the Financial Reporting Council of Nigeria immediately for regulatory approval, prior to their release to the market,” Oanda said in a notice.

It said the interim results for 2023 would also be released to the market soon after the 2022 accounts were published.

According to the group, the audit of the 2023 financial statements had started, and it aimed to publish the results on or before July 31, 2024.