By InvestAdvocate

Lagos (INVESTADVOCATE)-Okomu Oil Palm Company Plc said on Wednesday its profit for the period ended December 31, 2017 rose 86.3 percent to N9.154.91 Billion from N4.91 billion declared a year ago.

Pretax profit of the company grew 88.6 percent to N11.14 billion from N5.90 billion posted the same period of 2016.

Revenue of Okomu Oil increased from N14.36 billion to N20.26 billion; showing an increase of 41.0 percent, the company said in a filing with the Nigerian Stock Exchange (NSE).

Okomu Oil offered a dividend of N3.00 per share to investors of the company in the review period and said qualification date is May 15, 2018.

Also, the company has announced that closure of register is between May 15 to May 18, 2018, the Annual General Meeting (AGM) and payment date has been scheduled for June 13 and June 25, 2018 respectively.