OKOMUOIL Declares N1.01bn PAT in Q1 2019 Results (SP:N72.50k)

Monday, April 29, 2019 05:17PM / NSE

Today, Okomu Oil Palm Company Plc released its unaudited first quarter results for the period ended March 31, 2019.

Key Highlights

Revenue declined by +42.5% to N4.22bln from N7.34bln it recorded in Q1 2018.

PBT declined sharply by 68.0% to N1.27bln

PAT also declined sharply by 71.0% to N1.011bln from N3.47bln recorded in Q1 2018

However, Net Assets grew marginally by 3.8% to N27.18bln from N26.17bln as at 31st December, 2018.

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Graph – One Year Share Price Movement

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