March 23, 2017/CBN Click here to download full PDF report Introduction In furtherance of the principal objects of the Central Bank of Nigeria (CBN or the Bank) to ensure monetary and price stability, to promote a sound financial system and pursuant to the provisions of the CBN Act 2007 and […]
Updates
Okomu Oil Palm Plc – Price Action Pumps Up Earnings
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% […]
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 […]
