BOPP profit dips

Agro processing firm, Benso Oil Palm Plantation, has become the second listed firm after Fan Milk to post a decline in profit so far.

BOPP’s profit reduced from 10.9 million Ghana cedis a year before to GH¢4.6 million at the end of the September this year.

Its revenue also went down by 18 percent to GH¢28.3 million at the end of the first nine months of this year.

The company which is based in the Western region saw its stated capital unchanged at GH¢2 million while income surplus increased by 15.7 percent to GH¢32.8 million at the end of September 2013.

BOPP has so far this year witnessed a growth of 257 percent in its share price since January 1. It is presently trading at GH¢3 97 pesewas per share on the Ghana Stock Exchange.