Okomu Oil reports N20.2bn profit in Half Year 2024

Okomu Oil Palm Company Plc recently published its Second Quarter report for the period ended 30 June 2024.

The Company reported revenue of N75 billion for the 6 months period, up by 84.75% from N40.599 billion reported the previous year.

Profit after tax grew year on year by 24.67% to N20.196 billion from N16.2 billion reported the previous year.

Earnings per share of the Company stands at N21.17.

At the share price of N292, the P/E ratio of Okomu Oil stands at 13.79x with earnings yield of 7.25%.

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