The Okomu Oil Palm Company Plc reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was NGN 9,066.52 million compared to NGN 6,348.89 million a year ago. Net loss was NGN 713.67 million compared to NGN 64.56 million a year ago. Basic loss per share from continuing operations was NGN 0.75 compared to NGN 0.07 a year ago.
For the full year, sales was NGN 59,245.54 million compared to NGN 37,394.51 million a year ago. Net income was NGN 17,337.02 million compared to NGN 11,538.97 million a year ago. Basic earnings per share from continuing operations was NGN 18.17 compared to NGN 12.1 a year ago.