Culled—Proshare 22/3/2017/ARM Research CPO price increase to drive strong 2016 sales close: 2016 has been a spectacular year for Okomu, with 9M 16 EPS already surpassing that of FY 15. The improved operating performance largely stemmed from higher CPO prices which drove overall revenue growth (+41% YoY), despite a 7% […]
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PRESCO Plc: Producing Palm-Oil With Glamour
Culled—Proshare 22/3/2017/ARM Research CPO price boon drives top-line to record high: Presco, as the only integrated oil palm production company in Nigeria4 benefitted immensely from favourable pricing environment which underpinned a strong rise in both top-line and earnings. Importantly, Presco’s 9M 16 sales of N11.9 billion (+48.4% YoY) eclipsed previous […]
Nigerian Palm Oil Sector: Waxing Strong Under Policy Cover
Culled—Proshare 22/3/2017/ARM Research Executive Summary In contrast to the macro-induced sell-offs across the broad equities market in 2016, palm oil producers had a stellar year as policy changes in response to the FX pressures handed the sector a lifeline. Specifically, CBN’s proscription of FX access for palm oil imports changed […]
