April 7, 2017/InvestmentOne Research

Click here to download PDF Copy of Okomu Oil Plc Financial Statements for the Year Ended December 31, 2016

Okomu oil released its Q4 2016 results late yesterday.

Please find key highlights of the Q4 2016 results below:

·         Revenue  of N3.45bn, up +2.6% q/q; +73.7% y/y

·         Profit before tax of N797m, down -33.5% q/q; up +132.4% y/y

·         Profit after tax of N735m, up +26.6% q/q; +83.4% y/y

The company proposed a final dividend of 150kobo per share, representing a dividend yield of c.3% based on yesterday’s close price.