Okomu announces N23.63bn revenue, PAT rises by 137.98%

Okomu Oil Palm Company Plc on Friday published its financial statement for the period ended 30 June 2021.

The result shows significant year on year growth in the company’s top line and bottom line figures.

A turnover of N23.627 billion was reported for the six months period, up by 74.67% from N13.527 reported the previous year.

Profit after tax soared by 137.98% to N9.536 billion from N4.007 billion reported in Q2 2020.

Earnings per share increased to N10 from N4.20, which translates to 137.98% growth year on year.

At the share price of N110, the P.E ratio of Okomu stands at 11x with earnings yield of 9.09%.

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