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OAO - Oando PLC - Oando earnings forecast for the second quarter ending

Release Date: 19/05/2011 07:05
Code(s): OAO
Wrap Text

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 Supplied by www.sharenet.co.za 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.

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