Okomu Oil Estimates N1.017 Billion Profit for Q3 2021

Okomu Oil, a Nigeria-based company specialized in the processing of oil palm, rubber plantation and others, has estimated N5.465 billion for the third quarter of 2021.

In the forecast presentation, the company projected a N4.339 billion cost of sales for the third quarter. Profit before taxation was estimated at N1.126 billion.

Okomu oil put profit before taxation and exceptional/extra ordinary items at N1.126 billion. Company income tax was estimated at N108.993 billion while profit after taxation expected to hit N1.017 billion in the third quarter.

Okomu Oil Cash Flow Information Q3 2021

Net result N1,016,999,000

Cash flow from operating activities N870,507,000

Operating Cash flow from working capital changes -N682,500,000

Net cash Flow from operating activities N188,007,000

Cash flow from financing activities -N97,366,000

Cash flow from investing activities -N1,175,001,000

Net decrease in net cash and cash equivalents -N67,361,000

Cash/Bank balance at the beginning of period N3,858,401,000

Cash/Bank balance at the end of the period N3,791,040,000