₦airaland Forum

TheRealAdonye:
Too many inconsistencies in those Financial Statements..

Things not properly disclosed.
and for such a relatively low-risk area.

I'm really disappointed with these Auditors.

Thumbs up to the Financial Reporting council for discovering this.


cc Dav..ide470

Born2berich:
30M units on offer and no single buyer....I really pity the oandos faithfuls.

But seriously, Wale tinubu needs serious bashing. Which kind result be this?

saniboy:
Sup guys @dav and lero

konklushun:
Am looking out for a friend's interest

konklushun:
Good evening peeps. Pls does anyone know if PWC has started its 2016 recruitment exercise

Image123:
That's July, August, September. How did that happen? Some folks have been crying doom about no cabinet, CBN policy, TSA. Abi zenith bank dey yahoo?

slydog:
Jeez, how do they do this, profit is said to be shrinking at my zone and they are declaring this PAT?

tolutweety:
This uncle-zoning na wa o.
You zone from Nigeria to Algeria. ..Deris God o!!



Hope you are good ,veev? !

ednut1:
Buy stocks at ur peril

eipreel:
We both know I know who you are but lemme not blow your cover

Davide470 knows I'm a snitch too can't help it

taiwolusol:
God bless you for this short yet insightful post.

Oando Plc on Friday posted its long- awaited 2014 FY results, along with its Q1 2015 results.

The results show that Oando racked up record after-tax losses of N183.9 billion in FY 2014, far worse than analysts had estimated.

Oando’s mounting losses continued into 2015, with a N20.9 billion after tax loss in Q1 2015. FY 2014 total revenue fell by 5% to N424 billion from N449.8 billion, while Q1 2015 revenue increased by 83% to N33 billion, up from N18 billion in Q1 last year 2014.

The results also reveals a huge operating expense of about N225 billion in the last quarter of 2014 as the chief driver of the losses. The nature of the losses suggest it was a huge write down on impaired assets which is not a surprise to many analysts. Investors had estimated that it could take huge impairments on the ConocoPhilips assets acquired in 2014 just about when the price of oil was at its peak before it fell by over 60% throughout 2015. It is also thought to be as a result of other assets thought to be in a pretty bad shape as the oil industry continue face negative
headwinds.

The company is expected to release its facts behind the figure report in due course and will surely reveal
exactly what happen. For now, all eyes would be on the intangible assets of N253 billion currently sitting on its balance sheet as at June 2015.

Could it be the next can of worms waiting to be unleashed?

beau49:
Pictures of you doing it everyday or.....you know what!

cc150615:
Where's awa iphone6?

timmyblast:
What is this particular section about, is it for hook up, famzing, for a particular set of people cos I don't get it. No job advert, no body is trying yo help u get something doing. All I see are boys and girls flirting. But its suppose to be a job SECTION...

naanxie:
David470.

beau49:
Go easy on the lie

crowntoro:
Really? , Are u married?

naanxie:
Buy Iphone6 for us...... for starters, that is.

Jamean:
Yoohoo!

... So our Chat room is a year today 

It's been a wonderful time with you guys. Like seriously you guys are great. As being friends, career development, toasters and what have you.

I cherish the memories we've shared both online and physically, especially the snap of fingers access to information, debates and the award session. I am sure a lot of people do too.

Need I say more, Cheers to better years ahead.

Desired career path
Post graduate studies
Marriage & sheedren
Vacations etc
... and utmostly a balanced life filled with accountable achievements.

We move up.

Cc: all of us

Fond memories of those who have deactivated their handles 

Yours Mej'





PS: Davide470 ... after the Gala share the Wine