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 |
