Ardova PLC operates within the Petroleum products sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Ardova PLC with three other
companies in this sector in NIGERIA :
MRS Oil Nigeria PLC
sales of 64.91 billion Nigerian Naira [US$170.71 million]
Conoil Public Limited Company
(139.76 billion Nigerian Naira [US$367.56 million]
of which 95%
was White Products), and
(191.68 billion Nigerian Naira [US$504.11 million]
of which 100%
was Petroleum Products Marketing).
During the year ended December of 2019, sales at
Ardova PLC were 176.55 billion Nigerian Naira (US$464.33 million).
increase of 31.1%
versus 2018, when the company's sales were 134.70 billion Nigerian Naira.
The sales level in 2019 was fairly close to the level five years ago: in 2014, Ardova PLC had sales
of 170.13 billion Nigerian Naira.
Sales of Fuels saw an increase
29.4% in 2019, from
123.10 billion Nigerian Naira to 159.25 billion Nigerian Naira.
Not all segments of Ardova PLC experienced an increase in sales in 2019:
sales of Solar System fell 72.3% to 39.10 million Nigerian Naira.
(However, this segment's sales were only a very small portion of the company's overall sales).