The board of directors of Okomu Oil Palm Company Plc has recommended a N7 dividend for every 50k ordinary share payable to shareholders whose names appear on the register of members at the close of business on Thursday, May 13, 2021.
This is on the back drop thatOkomu Oil Palm Company posted a profit after tax (PAT) of N7, 780,519 for the year ended December 31, 2020. The figure is 40 per cent better than the N5, 049,637 tally of 2019.
According to the audited financial report of the company the firm’s equity and liabilities (assets) rose from N43, 595,792 in 2019 to N55, 011,848 during the review period.
As the breakdown showed profit before tax (PBT) of N8, 845,550 and tax charge of N1, 065,031 for 2020 was recorded as against the N7, 523,187 PBT and N2, 473,550 taxation recorded the preceding the year of 2019.
Total revenue for the year uped significantly to N23.4 billion compared to the total sum of N18.9 billion achieved in 2019.
Addressing the company’s 41st general meeting (AGM) Thursday in Lagos, the Chairman, Gbenga Oyebode, maintained that Coronavirus pandemic impacted businesses and the global economy adversely, but was happy that the organization was able to pull through and still attain sound results.
He was positive that the company will post a better result in 2021,saying that this year appears better than last year from every perspective economically.
The board of directors of Okomu Oil Palm Company Plc has recommended a N7 dividend for every 50k ordinary share payable to shareholders whose names appear on the register of members at the close of business on Thursday, May 13,2021.
This is on the backdrop that Okomu Oil Palm Company posted a profit after tax (PAT) of N7, 780,519 for the year ended December 31, 2020. The figure is 40 per cent better than the N5.05million tally of 2019.
According to the audited financial report of the company the firm’s equity and liabilities (assets) rose from N43, 595,792 in 2019 to N55, 011,848 during the review period.
As the breakdown showed profit before tax (PBT) of N8, 845,550 and tax charge of N1, 065,031 for 2020 was recorded as against the N7, 523,187 PBT and N2.5million taxation recorded the preceding the year of 2019.
Total revenue for the year upped significantly to N23.4 billion compared to the total sum of N18.9 billion achieved in 2019.
Addressing the company’s 41st general meeting (AGM) Thursday in Lagos, the Chairman, Gbenga Oyebode, maintained that Coronavirus pandemic impacted businesses and the global economy adversely, but was happy that the organisation was able to pull through and still attain sound results.
He was positive that the company will post a better result in 2021, saying that this year appears better than last year from every perspective economically.
The board of directors of Okomu Oil Palm Company Plc recommended N7 dividend for every 50k ordinary share payable to shareholders whose names appear on the register of members at the close of business on Thursday, May 13,2021 was approved by the shareholders Thursday during the annual general meeting (AGM) of the company.
The Company recorded a profit after tax (PAT) of N7, 780,519 for the year ended December 31,2020. The figure which was 40 per cent better than the N5, 049,637 tally of 2019 beat expert expectation as year 2020 pose d alot of challenges to businesses as a result of Covid-19 pandemic
According to the audited financial report of the company the firm’s equity and liabilities (assets) rose from N43, 595,792 in 2019 to N55, 011,848 during the review period.
As the breakdown showed, profit before tax of N8, 845,550 and tax charge of N1, 065,031 for 2020 was recorded as against the N7, 523,187 PBT and N2, 473,550 taxation recorded the preceding the year of 2019.
Total revenue for the year upped significantly to N23.4 billion compared to the total sum of N18.9 billion achieved in 2019.
Addressing the company’s 41st general meeting (AGM) Thursday in Lagos, the Chairman, Gbenga Oyebode, maintained that Coronavirus pandemic impacted businesses and the global economy adversely, but was happy that the organization was able to pull through and still attain sound results.
He was positive that the company will post a better result in 2021, saying that this year appears better than last year from every perspective economically.
