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Okomu Oil Plc records 24.1% increase in 2020 FY revenue

Okomu Oil Plc recorded increased revenues from one of its two revenue-generating units.

Published

3 months ago

January 26, 2021

Okomu Oil Palm 's profit declines by 43.22% as at Q3 2019

Okomu Oil Plc has reported revenue of N23.41 billion in 2020 compared to the N18.87 billion recorded in the corresponding period of 2019. 

Key highlights for 2020 FY 

Revenue increased to N23.41 billion, +24.08% YoY. 
Revenue from local sales increased to N20.5 billion, +29.17% YoY.
Revenues from export sales declined to N2.91 billion, -2.89% YoY. 
Finance income declined to N7.13 million, -97.96% YoY.
Finance cost also declined to N70.23 million, -62.92% YoY.
Cost of sales increased to N7.70 billion, +30.78% YoY.
Pre-tax profits increased to N8.45 billion, +12.35% YoY.
Earnings Per Share increased to N7.74, +46.31% YoY

Okomu Oil Plc recorded a significant increase in revenue generated from local sales, which translated to a 46.3% increase in profit after tax despite the increase recorded in the cost of sales and a decline in finance income.

Company Results

Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Rak Unity Petroleum Company Plc reported revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

Published

2 months ago

February 2, 2021

Adeyemi Adebayo

Focus: This small-cap oil company is seriously lagging behind

Rak Unity Petroleum Company Plc released its 2021 FY results reporting total revenue of N1.41 billion representing a 68.14% decline from the N4.42 billion revenue reported a year earlier.

Operating expenses during the year was N149.65 million in 2020 compared to N221.89 million in 2019. –32.56% YoY
The company reported a loss after tax of N63.02 million in 2020 compared to N14.52 million loss after tax in 2019.
It reported a loss per share of N1.11 in 2020 compared to N0.26 loss per share reported in 2019.
No dividend announcement was made in their press release.
The company share price of N0.30 unchanged YTD.

See link to results here

Company Results

Conoil posts 23% post-tax profit decline in 2020 FY results

Conoil Plc reported a revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.

Published

2 months ago

February 2, 2021

Adeyemi Adebayo

Conoil Plc released its 2021 FY results reporting revenue of N117.47 billion representing a 15.95% decline from the N139.76 billion revenue reported a year earlier.

Operating expenses during the year was N7.64 billion in 2020 compared to N9.68 billion in 2019. –20.9% YoY
The company reported a profit after tax of N1.52 billion in 2020 compared to N1.97 billion in 2019. –22.97% cut YoY.
It reported an earnings per share of 219 kobo in 2020 compared to 284 kobo earnings per share reported in 2019. –22.89% YoY.
No dividend announcement was made in their press release.
The company share price of N20.85, up +0.72% YTD.

See link to results here

Nairametrics

Okomu Oil Plc records 24.1% increase in 2020 FY revenue

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Okomu Oil Plc records 24.1% increase in 2020 FY revenue

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Company Results

Rak Unity Petroleum Company Plc Posts N63 million loss in 2020 FY results

Company Results

Conoil posts 23% post-tax profit decline in 2020 FY results

Nairametrics | Company Earnings