Results & Dividends

Okomu Oil: Cost Gains and Lower Finance Charges to Propel Sturdy Earnings

24/10/2018/Cordros Report Update: Over 9M-18, OKOMU reported a 13.3% y/y growth in earnings, buoyed by sharp decline in COGS amidst relatively flat revenue and lower effective tax rate. We have revised our revenue estimate for 2018E slight lower to NGN20.86 billion (from NGN21.1 billion) to reflect weaker performance in Q3. […]