BUSINESS

Okomu Oil Palm’s Profit Grows To N2.068b In Q3 2021

Okomu Oil Palm Company Plc, a Nigeria-based company engaged in cultivation of oil palm, processing of fresh fruit bunches into crude palm oil for resale, rubber plantation and processing of rubber lumps to rubber cake for export has released its financial statement for report for period ended September 30, 2021 with 108.47% jump in profit for three months to N2.068 billion from N991.691 million in Q3 2020.

Profit for nine months was stronger at 132.31% to N11.604 billion from N4.999 billion in 2020.

The company recorded a growth in turnover to N7.419 billion in three months 2021 from N5.093 billion in 2020 while figure for nine months rose to N31.046 billion from N18.620 billion.

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