Okomu Oil released its financial results for the nine months ended 30 September 2015.

The result showed that revenue rose by 12.34% from N6.8 billion in Q3’2015 to N7.7 billion in Q3”2015.

Profit before tax also rose by 23% from N2 billion in Q3”2014 to N2.5 billion in Q3’2015.

See Summary of result below..

OKOMU OIL Plc Q3 2015 2015 2014 % Change
N’m N’m
Revenue 7,750 6,899 12.34%
Gross Profit 6,525 3,965 64.56%
Operating Expenses -108 -132 -18.18%
Pre-tax profits 2,555 2,077 23.01%
Share Price (As at Press time)  N28.00

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