Oando Plc presented its Q2 earnings forecast for the period ended June 30th 2012 to the market today.
Proshare has reviewed the forecast against its believability index, relying on previous performances against forecast; to confirm the following:
That Oando Plc has a 124% chance of achieving or exceeding its PAT forecast and a 104% chance of delivering on its Turnover projections for the period in view.
The impressive PAT of N6.6Billion declared against N2.9Billion forecast in Q2’11 and N10.1Billion declared against N3.05Billion forecast in Q3’11 impacted this considerably.
This weights fall within the 'most believable' forecast range for quoted companies in the sector.
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