The Okomu Oil Palm Company Plc reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was NGN 14,340.43 million compared to NGN 9,066.52 million a year ago. Net income was NGN 245.98 million compared to net loss of NGN 749.39 million a year ago. Basic earnings per share from continuing operations was NGN 0.26 compared to basic loss per share from continuing operations of NGN 0.79 a year ago.
For the full year, sales was NGN 74,987.47 million compared to NGN 59,245.54 million a year ago. Net income was NGN 21,167.14 million compared to NGN 17,337.02 million a year ago. Basic earnings per share from continuing operations was NGN 22.19 compared to NGN 18.17 a year ago.