Okomu Oil Palm Co. Plc
NNSENG:OKOMUOIL1,276.20
NGN
0.00
(0.00%)
ISIN
NGOKOMUOIL00
Return %
Stock
S&P 500
1Y
25.12
14.20
3Y
438.94
81.12
5Y
917.70
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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
- Graham D. Hefer
- Full Time Employees
- 280
- Sector
- Process industries
- Industry
- Agricultural commodities/Milling
- Address
- Benin City Nigeria
- IPO Date
- Oct 18, 1995
- Website
- okomunigeria.com
- Similar Companies
- Business
- Okomu Oil Palm Company Plc is an agribusiness company engaged in the cultivation, extraction, processing, and marketing of oil palm and rubber products. The company operates through two core business segments: Palm Oil and Rubber. Its comprehensive product and service offerings comprise fresh fruit bunches; crude palm oil; crude palm kernel oil; palm kernel cake; palm kernel meal; dried palm kernels; technically specified natural rubber; crumb rubber; processed rubber cakes; rubber cup lumps; nursery propagation; plantation development services; and biomass waste-to-energy generation. Okomu Oil Palm serves domestic and regional food and beverage manufacturers, industrial confectioners, oleochemical producers, animal feed mills, and international tyre and rubber product manufacturers. Headquartered in Ovia South-West Local Government Area, Edo State, Nigeria, and established in 1976 before its privatization in 1990, the company manages over 33,000 hectares of concession land spanning its Main Estate, Extension 1, and Extension 2 plantations. Okomu Oil Palm operates as a subsidiary of Socfinaf S.A., a member of the Luxembourg-based Socfin Group. In recent strategic developments, the company has completed major capital expansions, including the installation and optimization of 30-ton-per-hour and 60-ton-per-hour automated palm oil milling lines at its Extension 2 processing facility and modernization of its rubber processing plant to enhance extraction efficiency and handle increased crop yields. Additionally, the company has expanded its environmental and sustainability governance by reinforcing Roundtable on Sustainable Palm Oil certification standards, deploying circular-economy biomass boiler systems using empty fruit bunches, and strengthening community security frameworks and localized infrastructure partnerships across its estate perimeters, driving record operational turnover and pre-tax earnings growth.