Controversy trails Presco's proposed N23bn acquisition of SNL

Adebayo Obajemu

Presco Plc published its Fourth Quarter report for the year ended, 31 December 2020 on the website of the Nigerian Stock Exchange.

The firm reported a turnover of N23.909 billion, up by 21.22% from N19.724 billion reported in 2019.

Profit after tax for the 12 months period was N7.03 billion, up by 83.25% from N3.84 billion reported the previous year.

Earnings per share (EPS) of the company increased to N7.03 from the EPS of N3.84, which translates to 83.25% growth year on year.

At the share price of N75, the P.E ratio of Presco Plc stands at 10.66x with earnings yield of 9.38%.


News continues after this Advertisement


Please enter your comment!
Please enter your name here