FTN Cocoa Processors Plc
NNSENG:FTNCOCOA7.50
NGN
0.00
(0.00%)
ISIN
NGFTNCOCOA02
Return %
Stock
S&P 500
1Y
33.45
14.20
3Y
346.43
81.12
5Y
1,430.61
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Pastor Akin Laoye
- Full Time Employees
- 39
- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- Ibadan Nigeria
- IPO Date
- Nov 7, 2007
- Website
- ftncocoa.com.ng
- Similar Companies
- Business
- FTN Cocoa Processors Plc is a Nigeria-based agro-allied processing company engaged in the commercial processing of cocoa beans and palm kernel seeds into semi-finished and finished industrial intermediate products. The company organizes its operations into two core segments: Cocoa Processing and Palm Kernel Processing. Its primary product line includes cocoa liquor; undeodorized and deodorized cocoa butter; pressed cocoa cake; natural and alkalized cocoa powder; crude palm kernel oil; and palm kernel cake. These products serve as essential raw materials for industrial clients in the food and beverage, chocolate and confectionery, pharmaceutical, cosmetics, and animal feed manufacturing sectors across domestic Nigerian markets as well as international destinations across Europe, Asia, and the Americas. Founded in August 1991 and listed on the Nigerian Exchange, FTN Cocoa Processors is headquartered in Lagos, Nigeria, and operates an industrial processing and warehousing complex with an installed processing capacity of 20,000 metric tons per annum in Ibadan, Oyo State. In recent strategic developments, the company underwent a major ownership and operational restructuring following the acquisition of a controlling stake by pan-African cocoa processing platform OH Ecosystems, bolstered by a USD 12 million capital investment from Norfund to finance the comprehensive rehabilitation, modernization, and capacity reactivation of its Ibadan processing facilities. Complementing this operational turnaround, the company has implemented balance sheet restructuring programs and reconstituted its board governance, including the transition to interim board leadership, to optimize working capital and restore sustained operational profitability.