Oando H1 Pretax Profit Drops 40.9%

Nigerian firm Oando Plc reported a 40.9% drop in its pre-tax profit for the six months to June 30. Oando's pre-tax profit for the half-year declined to 6.15 billion naira. Its turnover also fell to 280.3 billion naira, from 350.6 billion naira.