BOPP Pays GH¢1.16m Dividend To Shareholders

•   Mr. Yamson (inset), addresing shareholders.The Benso Oil Palm Plantation Limited (BOPP) paid a total dividend of GH¢1.16 million out of a total profit of GH¢5.81 million for the 2013 financial year to its shareholders.

Mr. Ishmael Yamson, chairman of the com-pany’s Board of Directors, announced this at the annual general meeting of the company at Akroma Plaza in Takoradi.

He said the company in 2012 recorded GH¢13.41 million profit after tax and added that the 2013 profit was approximately 57 per cent in decline of that of 2012.

Mr Yamson said the company processed 89,229 tonnes of fresh fruit bunches including 47.749 tonnes of fruits from BOPP’s small-holders and out-grower farmers within the immediate environs as well as the Western and Central Regions for which it paid a total of GH¢9.9 million to the farmers.

The shareholders urged the board to influence policymakers to pay the needed attention to agriculture in general and oil palm in particular.

That, they said, was informed by sustainable business model BOPP was demonstrating by way of rural poverty reduction and employment creation.

The company emerged as the best agribusiness company in Ghana at the Association of Ghana Industries (AGI) Second Industries Award and 32nd at the Ghana Club 100 Awards, an improvement over the previous year’s 72nd position.

The board commended the shareholders and management for their respective roles in the company’s successful operations.

 

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