By InvestAdvocate

Lagos (INVESTADVOCATE)-Oil marketing company, Oando Plc on Monday reported a loss of N54.35 billion in the third quarter (Q3) period ended September 30, 2016 compared to a loss of N37.72 billion recorded a year ago.

Also, the company recorded a loss before tax (LBT) of N87.52 billion from N44.15 billion declared same period of last year; dipping further into negative territory by 98.2 percent.

Revenue grew 69.1 percent to N227.85 billion from N134.76 billion reported in the same period of Q3 of 2015.