Brands
Okomu Oil posts N23.4bn profit in FY’20, declares N7 dividend to shareholders
Adebayo Obajemu
Okomu Oil Palm Company Plc in its Audited Financial Statement of the year ended 31 December 2020 declared a final dividend of N7 o shareholders.
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The Group reported a turnover of N23.4billion, up by 24.1% from N18.67 billion reported in 2019.
Profit after tax grew by 54.1% year on year to N7.78 billion from the profit after tax of N5.05 billion reported the previous year.
Earnings per share increased by 54.1% year on year to N8.16 from the EPS of N5.29.
At the share price of N90, the P.E ratio of Okomu Oil stands at 11.03x with earnings yield of 9.06%.