Okomu Oil Palm & Company Plc unaudited  Q3 2017 report, revenue and net income grew by 52.0% and 53.1% respectively compared to Q3 ’16 figures. 

Revenue was mostly boosted by sales from the local market which accounted for 86.7% of the total while export accounted for the remnant (13.3%).   

Cost of sales spiked by 97.1% due to a significant increase in demand for Oil Palm and Rubber products as well as inflation pressure.  

Key Highlight:

Okomu Oil Palm Company Plc Q3 ‘17 revenue and net income came in at 52.0% and 53.1% respectively compared to Q3 ’16 figures.Revenue was mostly boosted by sales from the local market which accounted for 86.7% of the total while export accounted for the remnant (13.3%).Cost of sales spiked by 97.1% due to a significant increase in demand for Oil Palm and Rubber products as well as inflation pressure.Growth in finance income was impacted by increased interest return on fixed deposit with DMBs which represents 97% of the total.The increase in debt-to-equity ratio was due to a 5-year term loan obtained from Zenith Bank which expires in August 2020.Our full valuation of the company will be undertaken and communicated soon.

Kindly click on this link to see full details on the Corporate Brief of the firm.

SOURCE: https://brandspurng.com/corporate-brief-okomu-oil-palm-plc-released-its-unaudited-third-quarter-earnings/

Nice to see improvements in these companies even though their cost of sale increased due to inflation.

Ok.