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FTN COCOA PROCESSORS PLC Company Profile

FTN COCOA PROCESSORS PLC

  • Day high   1.55 Day low   1.53
  • Value   0.00 Volume   4302874.00

FTN Cocoa Processors Plc, a Nigeria-based firm, specializes in the processing of cocoa beans and palm kernels, transforming them into various products such as cocoa cake, liquor, butter, palm kernel oil, and cake. Originally registered as Fantastic Traders Nigeria Limited in 1991, the company underwent a name change to FTN Cocoa Processors Plc in 2006. Its overarching mission is to efficiently produce and supply hygienic, high-quality products to customers through the collaborative efforts of a highly skilled and motivated team.

As per the latest financial report, the company achieved a revenue of N1.1 billion in 2020, marking a notable 33% increase from the previous year. However, the same period saw the company incur a loss of N1.3 billion, reflecting a substantial 66% increase from 2019. The attributed factors for this loss include the high cost of raw materials, depreciation, and finance costs.

BOARD OF DIRECTOR
Sir (Chief) S.O. Oguntimehin – Chairman
Mr. Abiola Aderonmu - Managing Director and Chief Executive Director.
Mr. Akin Laoye - Executive Director.
Mr. Wole Abegunde – Director.
Mr. Olusoji Balogun  - Director of  Stobal Nigeria Limited and EHFC Limited (an Equipment Fabrication and Hiring Company).
Mr. Peter I Nwalozie  - Director of Pinefields Investment Services Ltd.

Plot 5 Block 77 Basheer Shittu Avenue Magodo GRA,
Lagos, Nigeria.
Phone: +234 1 740 9651

Cocoa Factory
FTN Cocoa Processors Plc, Kilometre 9, Monatan-Iwo Road, Ibadan.
Oyo State, Nigeria.
 
Palm Kernel Factory
Plot 3 Sangogbade Layout, beside Green Springs Hotel, Old Ife Road, Ibadan.
Oyo State, Nigeria.
 
Cocoa Warehouse
FTN Cocoa Processors Plc,
Soka Bus Stop, Sanyo, Ibadan.
Oyo State, Nigeria.

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