By Moses Ebosele, email@example.com —
The Board of Okomu Oil Palm Plc is to meet on Monday, December 13, 2021 to consider amongs others, the company’s business and forecast for 2022.
Company Secretary, Chukwuebuka Omerole, in a notice to the Nigerian Exchange (NGX)explained that all Okomu Oil Palm insiders have been notified accordingly.
Explaining further in the notice dated November 26, 2021, Omerole said: “Okomu Oil Palm plc wishes to inform the Nigerian Exchange, its shareholders and the investing public that the Board of Director of the company is scheduled to meet on Monday 13th December, 2021 to consider amongst other things, the company’s business and forecast for 2022.
“In compliance with the provisions of rules 17.18 (a): Closed Period, Rulebook of the Exchange, 2015 (Issues Rule) as amended, the Company will commence a closed period from Friday, 26th November, 2021 for trading in its shares by Directors, Employees, Consultants and their connected persons and any other person(s) with insider information until 24 hours after the outcome of the meeting is disclosed to the market. All Okomu Oil Palm Plc insiders have been notified accordingly.”
City Business News reports that for the nine-month ended September 30, 2021, Okomu Oil Palm Company Plc has declared N31.04 billion turnover, representing increase of 66.79 per cent when compared with N18.61 billion attained within same period in 2020.
According to the company’s interim financial statement approved by the Board on September 29 and published by the Nigerian Exchange (NGX) on Saturday, Septermber 30, 2021, profit before tax appreciated by 113.47 percent to N14.81 billion against N6.81 billion achieved in the same period of 2020.
The company explained that the company gross profit also grew to N27.88 billion as against N16.46 billion in the comparative period of 2020.