In its H1:2021 financial scorecard, OKOMUOIL registered solid double-digit revenue growth.
Topline soared to a new high of NGN23.63bn, representing a 74.67% year-on-year increase from
NGN13.53bn in H1:2020. On a product basis, CPO revenue (which accounts for c.90% of total
revenue) expanded by 71.80%YoY – a combination of slightly improved production volumes
(+6.57%YoY to 30,800tons in H1:2021) and, more significantly, higher prices (+58.03%YoY to
NGN610,000 per ton in H1:2021).
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