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Ellah Lakes Plc (Nigeria)

Main Activities: Finfish Farming and Fish Hatcheries
Full name: Ellah Lakes Plc Profile Updated: January 31, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Ellah Lakes Plc is a publicly listed agribusiness company on the Nigerian Stock Exchange. Founded in 1980 by the late Senator F. J. Ellah, the company is headquartered in Benin, Edo State, Nigeria. Initially engaged in fish farming, Ellah Lakes produced and marketed freshwater fish until ceasing operations in 2016 due to unrest in the Niger Delta region. In May 2019, Ellah Lakes acquired Telluria Farms, which shifted the company's focus to the production and processing of cassava, maize, soya, and oil palm. With this acquisition, Ellah Lakes now owns a land bank of 2,400 hectares dedicated to oil palm production. The company is currently pursuing rapid growth through the development of Staple Crop Processing Zones (SCPZ) in Nigeria. Since 2020, Ellah Lakes has further expanded by acquiring 5,000 hectares in Ondo State and 5,000 hectares in Enugu for the development of an SCPZ and the production of rice, maize, cassava, and soybean.

Legal Address
Ellah Lakes Plc, 12, Ihama Street, Gra, Edo State
Benin City; Edo; Postal Code: 346

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Website: http://www.ellahlakes.com

Basic Information
Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1980
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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28.2%
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18.8%
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16.92%
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9.4%
Subsidiaries
Telluria Limited
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Operating profit (EBIT)
36.86%
EBITDA
37.15%
Net Profit (Loss) for the Period
56.63%
Total assets
-0.02%
Total equity
2.46%
Return on Equity (ROE)
1.03%
Debt to Equity Ratio
-0.94%
Quick Ratio
-0.12%
Cash Ratio
-0.06%

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