Okomu Oil increases market share by 60% in 2021

Okomu Oil Palm Company Plc last week published its Fourth Quarter report for the year ended 31 December 2021.

A turnover of N37.457 billion was reported for the 12 months period, up by 60% from N23.411 billion reported the previous year.

Profit after tax grew by 80.50% to N14.043 billion from 7.781 billion reported the previous year.

Earnings per share of Okomu increased by 80.50% to N14.72 from the EPS of N8.16 reported the previous year.

At the share price of N142, the P/E ratio of Okomu Oil stands at 9.65x with earnings yield of 10.37%.

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