April 7, 2017/InvestmentOne Research
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.