Ellah Lakes Outlines Growth Path, Profitability to Stockbrokers

Ellah Lakes Plc (NGX: ELLAHLAKES) recently shared its growth strategy with stockbrokers, focusing on expanding operational capacity to drive value creation. During a tour of the company's flagship plant in Edo State, senior stockbrokers assessed the factory's development.

CEO Chuka Mordi outlined several projects aimed at boosting earnings, including plans to plant additional hectares of oil palm, install a Palm Kernel Oil mill, and engage in livestock activities on 100 hectares of land. The company is also building a Crude Palm Oil mill and stocking seedlings to ensure uninterrupted operations.

WCM Capital's Executive Director, Habeeb Amole, praised Ellah Lakes' progress in land acquisition, palm plantation development, and nursery establishment. The company is working to optimize efficiency and productivity across its operations.