Benso Oil Palm 2015 profit dips

Benso Oil Palm Pantation (BOPP) made a profit after tax of GH¢8.16 million in 2015 as against GH¢12 million recorded the previous year.

This represents a decrease of 34 per cent.

The chairman of the company’s board, Mr Ishmael Yamson, who disclosed this at its annual general meeting in Takoradi, said the company also paid a total of GH¢17.3 million to smallholders and out plougher farmers within the catchment area which, he said, was a sustainable contribution to the socio-economic environment of the area.

He expressed optimism that BOPP would deliver better performance in the coming year.

As part of its corporate social responsibility (CSR), the company runs a scholarship scheme which is currently catering for 14 senior high school students drawn from four communities in the immediate environs of BOPP.

From its inception in 2007, the scheme has sponsored more than 60 students.

The chairman also renewed calls for the country to focus on agriculture, especially oil palm.