September 24, 2023

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Okomu Oil grows PAT by 292.15%, Declares N7 dividend


CEM REPORT | Okomu Oil Palm Company Plc grew its Profit after tax by 292.15% to N11.539 billion for the year ended 31 December 2021 from N2.942 billion reported the 2020 financial year.

The audited report of the company shows year on year growth in the company’s topline and bottom line figures with a turnover of N37.395 billion reported for the 12 months period, up by 59.73% from N23.411 billion reported the previous year.

Earnings per share of Okomu increased by 292.15% to N12.10 from the EPS of N3.08 reported the previous year.

At the share price of N142, the P/E ratio of Okomu Oil stands at 11.74x with earnings yield of 8.52%.

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