Nakuru palm oil press business oil press industry
okomu presco: a tale of two palm oil giants businessday ng
- Applicable Industries:Food and Beverage Factory
- After-sales Service:Technology Supporting
- Dimension (L*W*H):1200*550*1000mm
- Production capacity:100-200 tpd
- Voltage:440V
- Weight:806kg
- Power:7.5 or 11kw
- Advantage:High Productivity
- Raw material range:sunflower,rapeseed,palm kernel
nigerias palm oil industry, which was a revenue spinner for the country in the 60s before the discovery of crude oil in commercial quantities, is still in its embryonic stage and it is in dire need of funding and transformation policies.
how okomu oil and presco have become profit powerhouses，two of the largest agro-based companies on the ngx, okomu oil plc and presco plc, have shown particularly strong results. their 2024 financial statements reveal significant revenue growth and substantial pre-tax profits. both companies also maintained robust balance sheets, expanded their net assets, and effectively managed their loans.
okomu presco: a tale of two palm oil giants pressreader
according to experts, despite moves by the government, in listing crude palm oil alongside other 40 items restricted from forex access, and closing the nigerian borders, oil palm imports into the country are still on the rise owing to the huge demand-supply gap.
okomu oil, presco see profit surge despite rising costs,okomu oil palm company plc and presco plc, the biggest palm oil producers in nigeria, have seen their combined profits surge by 254.6 percent in the first nine months of 2023 to n44.39 billion from n12.52 billion recorded in 2018.
soybean oil press equipment in nakuru edible oil machine,small palm oil press soybean processing equipment in nakuru. type: palm fruit and palm kernel oil pressing machine; production capacity: 100%; voltage: 220v; dimension(l*w*h): 900*320*800mm; weight: 68 kg; key selling points: energy saving; machinery test report: provided; video outgoing-inspection: provided; core components: motor; oil type: palm oil
palm oil makers’ profits surge amid inflation, naira devaluation
okomu oil recorded the fastest growth of 84.7 percent in total sales (revenue) during the period. presco plc reported 83.1 percent growth, indicating that while many manufacturers struggled with losses, these two agro-based giants reported growth in their bottom lines.
okomu oil vs. presco oil: data shows one company outdid the,according to data from the united states department of agriculture service (usda), nigerias oil palm production surged to 1.5 million tons in the 2023/2024 market year, up from 1.4 million tons in the 2022/2023 market year.
palm oil: how okomu, presco can restore nigeria’s status as,presco owns four large oil palm estates covering 39,500 hectares (including the recently announced siat nigeria ltd acquisition), as well as palm oil processing, refining and storage capacities. in recent years, revenue and profitability benefited from growth in ffb production, high crude palm oil (cpo) market price and efficiencies of scale.
opportunities exist in nigerias oil palm industry
opportunities abound in the nigerian palm oil market supported by the growing population, making it important for the government to implement sustainable practices such as avoiding deforestation for oil palm cultivation and reducing the impact of production waste on the environment.
okomu, presco’s revenue, profit surge on tight global supplies,okomu oil palm saw its revenue surge by 63.63 percent in the nine-month (9m2022) period that ended september 2022 to n50.79 billion from n31.04 billion in the corresponding period of 2021. further analysis shows that the palm oil company generated n46.29 billion from local sales and n3.89 billion from export sales.
bidco taps farmers to cover edible oil supply shortfall,household goods manufacturer bidco oil is looking to engage farmers in nakuru to grow sunflower and soya beans to meet its rising demand for raw materials for processing edible oils.
ownership of oil palm giant presco returns to nigeria after
oil palm powerhouse presco switched ownership from long-time investor siat n.v, based in brussels, belgium, which had held on to the companys majority control for well over three decades until...
presco, okomu shine amid unmet product demand nairametrics,presco plc and okomu oil palm company plc nigerias biggest palm oil producers revenue and share price are rallying amid unmet product demand. the share price of both companies combined are up 80% ytd taking their market capitalisation to n413.938 billion as of november 17, 2023, compared to n294.895 billion at the beginning of the year.
okomu oils profit rises to n21.1bn, hits 13-year high,okomu oil palm plc, a major oil palm production company in nigeria, has recorded a 22 percent rise in its after-tax profit for 2023, according to its latest unaudited financial statement. the companys after-tax profit rose to n21.16 billion last year, the highest in at least 13 years, from n17.33 billion in 2022.
