Okomu Oil increases market share by 73.44%, declares N34.27bn profit in 12 months

Okomu Oil Palm Company Plc has increased its market share in the agriculture sector as it grew its revenue by 73.44% in Q4 2024.

The unaudited financial statement of the company for the year ended 31 December 2024 shows that the company achieved revenue of N130.06 billion. This represents a growth of 73 44% from N74.987 billion revenue reported the previous year

Profit after tax grew year on year by 61.91% to N34.273 billion in Q4 2024 from N21.167 billion reported in Q4 2023.

Earnings per share of Okomu stands at N35.93

At the share price of N488.4, the P/E ratio of Okomu Oil stands at 13.59× with earnings yield of 7.36%.

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