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Home Companies Company News

[Corporate Action] Okomu Oil’s Pre-tax Profits Rises By 23% to N2.5 billion In Q3’2015

Editor by Editor
October 28, 2015
in Company News
[Corporate Action] Okomu Oil’s Pre-tax Profits Rises By 23% to N2.5 billion In Q3’2015
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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.

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See Summary of result below..

OKOMU OIL Plc Q3 201520152014% Change
N’mN’m
Revenue7,7506,89912.34%
Gross Profit6,5253,96564.56%
Operating Expenses-108-132-18.18%
Pre-tax profits2,5552,07723.01%
Share Price (As at Press time) N28.00
Tags: News ReviewOkomu Oil
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Editor

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