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Nairametrics
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2014 H1 Results: Okomu Oil Post Flat Revenue Growth, 21% Increase In Pre-tax Profits

Nairametrics by Nairametrics
August 5, 2014
in Uncategorized
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Okomu Oil Plc released its 2014 half year results posting a flat revenue growth of N4.86billion (2013 H1: N4.82billion). Gross profits increased 38% to N3.3billion compared to N2.4billion same period 2013. The increase in Gross Profits was as a result of a 37% drop in cost of sales. Operating expenses 45% to N1.59billion and slicing 47% of Gross profit compared to 45% the year before. Finance cost dropped 41% to N71million. Pre-tax profits at the end of the period was N1.7billion a 21% rise from N1.4billion in 2013.

You can download the results below;

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Tags: Nigerian Company ResultsOkomu Oil
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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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Comments 1

  1. kdsuraju says:
    August 5, 2014 at 8:50 am

    It seems the company reclassified their expenditure,the decrease in cost of sales and Distribution,sales and marketing compare to the rate of increase in Admin Expenses gave an indication that it was just a reclassification of Expenditure.

    Reply

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