Okomu Oil N3.98 billion pretax profit for Q1

Okomu Oil N3.98 billion pretax profit for Q1

One of the largest oil palm producers in Nigeria, Okomu Oil Palm Company Plc said it made a pretax profit of N3.98 billion for the first quarter of the year.

The company’s result is almost stagnant given that it made a pretax profit of N3.39 billion within the same period last year.

Total group revenue for the period was N7.34 billion compared to N5.9 billion posted in the year before.