Okomu Oil reports N20.65bn as profit in FY 2023, declares N14 dividend to shareholders

Okomu Oil Palm Company Plc has declared a final dividend of N14 to its shareholders for the year ended 31, December 2023.

The Company reported a turnover of N75.1 billion for the 12 months period, up by 26.61% from N59.3 billion reported the previous year.

Profit after tax grew year on year by 27.21% to N20.65 billion in 2023 financial year from N16.23 billion reported in FY 2022.

Earnings per share of Okomu stands N21.64.

At the share price of N243, the P/E  ratio of Okomu Oil stands at 11.23x with earnings yield of 8.91%.

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