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Home Business News

Okomu Oil Palm turnover surges to ₦20 billion in 2017

Onome Ohwovoriole by Onome Ohwovoriole
March 28, 2018
in Business News, Company News
Okomu Oil Palm turnover surges to ₦20 billion in 2017
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Okomu Oil Palm Plc today released its financial statements for the year ended December 2017. Revenue jumped massively from ₦14.3 billion in 2016 to ₦20.2 billion in 2017.

Profit before tax also grew from ₦5.9 billion in 2016 to ₦11.1 billion in 2017. Profit after tax is also up from ₦4.9 billion in 2016 to ₦9.1 billion in 2017.
The company has declared a dividend of ₦3.00 per share.

Here is a copy of the result.

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Tags: 2017 FY resultsOkomu Oil
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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