Earnings Update – OKOMUOIL Q1 2023 Topline Growth Decelerates.

Okomu Oil Palm Plc reported a topline growth of 18.1 7 % YoY in Q1:2023 to NGN24.21bn (vs. NGN20.49bn in Q1:2022). This was propelled by the sales of Crude Palm Oil (+14.63% YoY), contributing 94.11% to the total revenue. Conversely, revenue from rubber sales, which contributed 5.89% to the total revenue, declined by 11.54% YoY.

Earnings Update – OKOMUOIL Q1 2023

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