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Ardova Plc Stock Price

NGSE:ARDOVA Community·₦21.5b Market Cap
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Snowflake Analysis

Reasonable growth potential and slightly overvalued.

2 Risks
1 Reward

Ardova Plc Key Details

₦247.9b

Revenue

₦240.1b

Cost of Revenue

₦7.8b

Gross Profit

₦17.3b

Other Expenses

-₦9.4b

Earnings

Last Reported Earnings
Sep 30, 2022
Next Reporting Earnings
n/a
-7.23
3.16%
-3.80%
466.4%
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About ARDOVA

Founded
1964
Employees
169
CEO
Olumide Adeosun
WebsiteView website
www.ardovaplc.com

Ardova Plc, an integrated energy company, distributes and markets petroleum products in Nigeria. It operates through Fuels, Lubricants and Greases, Renewables, LPG and Cylinder Sales, and Haulage & Transportation Services segments. The Fuels segment engages in the sale and distribution of petroleum products and aviation turbine kerosene in retail outlets, as well as to industrial customers. The Lubricants and Greases segment manufactures and sells lubricants and greases. The Renewables segment sells solar systems. The LPG and Cylinder Sales segment sells liquefied petroleum gas and cylinders. The Haulage & Transportation Services segment provides haulage and transportation services of products. The company also provides aircraft refueling services. In addition, it operates 450 retail outlets. The company was formerly known as Forte Oil Plc and changed its name to Ardova Plc in February 2020. The company was incorporated in 1964 and is based in Lagos, Nigeria. Ardova Plc is a subsidiary of Ignite Investments and Commodities Limited.

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