Benso Oil Palm Plantation, a palm oil producer listed on the Ghana Stock Exchange, reported a 16.6% fall in nine-month profit after tax to 61.7mn GHS (€4.7mn), as revenue was almost unchanged at 312.5mn GHS (€23.9mn) while cost of sales rose 6.1% to 207.9mn GHS (€15.9mn), according to its unaudited statements filed with the exchange.
Analysis: Flat sales and a 6.1% increase in the cost of sales reduced Benso's gross margin to 33.5% from 37.6%. The company supplied no volume breakdown or explanation of the cost increase, leaving the contributions of fruit purchases, wages and other inputs unclear. Dividends fell by roughly three-quarters, while a 10mn GHS (€0.76mn) loan appeared on the balance sheet where there had been none a year earlier. The government is promoting palm oil through a proposed $500mn finance facility. The November 12 budget may show whether that program has begun deploying funds.
Source: Ghana Stock Exchange (filings by listed issuers), Benso Oil Palm Plantation PLC, unaudited statement of comprehensive income for the nine months ended 30 September 2026 (GSE PR-431), January-September 2026; Ghana Stock Exchange (filings by listed issuers), Benso Oil Palm Plantation PLC (GSE PR-431), January-September 2026; Ministry of Finance, Ghana, Ministry of Finance, 2026 Mid-Year Fiscal Policy Review, FY2026; Bank of Ghana, Bank of Ghana, Daily Interbank FX Rates table, 30 October 2026 and 4 November 2026