Adebayo Obajemu

The Audited financial report for the period ended 31 December, 2019 of Presco plc revealed a turnover of N19.7 billion, down by 7.59% away from N21.3 billion recorded in 2018.

The reported Profit before Tax also dropped by 4.13% to stand at N6.060 billion below the previous close of N6.321 billion.

The company shed its Profit after Tax by 10.72%, to settle at N3.838 billion below N4.299 billion reported previously in 2018.

Earnings per Share (EPS) of Presco plc stands at N3.84, dipped by 10.72% against the previous EPS of N4.30.

With reference to the stock value of N41.50 as at Friday May 29th 2020, the P.E ratio of the company stands at 10.81x with earnings yield of 9.25%.

The management of the producer of specialty fats and oils recommended a dividend of 200 kobo to its shareholders subject to appropriate withholding tax and approval at AGM to be paid to members at the close of business on Friday, the 17th of July, 2020