2020 FY Results: Okomu Oil Plc posts N7.8 billion profit.

Okomu Oil Palm Plc released its full-year audited results for the year ended 31st December 2020.

• Revenue for the year was N23.4 billion. (+24% YoY)
• Cost of raw materials and consumable was N5.29 billion. (+22% YoY)
• Administrative expenses totaled N4.05 billion. (+32% YoY)
• Profit on continuing operations after tax was N7.8 billion. (+54% YoY)
• Earnings per share of N8.16 Vs N5.29 YoY.
• Net assets per share was N36.46
• A dividend of N7 was proposed by the Board.

See link to results.