Earnings Flash | OANDO PLC FY-2016

Earnings Flash | OANDO PLC FY-2016 Results
Financial Highlights (N'Mn)
Headlines	FY- 2016	FY- 2015	Change
Revenue	455,747	203,432	124.0%
Cost of sales	-426,934	-156,772	172.3%
Gross Income	28,813	46,659	-38.2%
Net Finance (cost)/Income	-51,056	-48,638	5.0%
Profit/Loss Before Tax	-63,376	-39,114	62.0%
Taxation	37,569	4,193	796.0%
Profit/(loss)from discontinued operations	29,301	-14,769	-298.4%
Profit/(Loss) After Tax	3,494	-49,690	-107.0%
Cash and cash equivalents	10,391	14,985	-30.7%
Trade & Other Receivables	107,002	76,422	40.0%
Trade & Other Payables	198,459	135,465	46.5%
Net Assets	192,345	50,894	277.9%
Gross Margin	6.3%	22.9%	-16.6%
Net Margin	0.8%	24.4%	-23.7%
Cost to Sales	93.7%	77.1%	16.6%
Price(N)	5.09
EPS(N)	0.3
BVPS(N)	16.0
P/E(X)	17.5
P/BV(X)	0.3
ROAE	2.9%