Okomu Oil: Earnings remain strong despite seasonal slowdown

Okomu Oil: Earnings remain strong despite seasonal slowdown

Similar to recent earnings from listed peer, Okomu Oil’s 9M’16 results came in strong with PBT up 100% y/y to N5.1 billion, 6% ahead of our estimate. As expected, Q3 revenue from the Oil Palm segment came off the Q2 record numbers (down 29% q/q to N2.7 billion) as seasonal effect weighed on volume; H2…

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