reports
- Tominiyi Ramon
OKOMU OIL PALM COMPANY PLC Q1'17 - Earnings on path of another histori...
​Earnings on a path to another historic yearOKOMUOIL reported its Q1’17 earnings last week, showing impressive performance across board. Strong domestic Crude Palm Oil (CPO) prices continued to lift the company’s Oil Palm business, with the segment’s revenue up 73% y/y to ₦5.1 billion, beating our estimate of ₦4.0 billion. The Rubber business (export) reported a much stronger topline growth (albeit 8% lower than our estimate), up 112% y/y to ₦773 million (Vetiva: ₦838 million) - ...
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