Okomu Oil Forecast N2.56Billion Revenue For Q3 2013

Okomu Oil Plc has projected a revenue of N2.56billion for the second quarter of 2013. They also project a pre tax profit of N1billion and post tax profits of N905billion. The company also expect to spend about N1billion in investments over the next three months helping half its cash pile to about N2billion.

Okomu Oil Palm share price has risen 200% to about N57 over the last year. The company has a trailing P.E ratio of just N6.88X and a price to book ratio of about 3x.