FY’19: Presco proposes N2 dividend to shareholders, declares N3.84bn as profit

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 Presco Plc proposed a dividend of N2 to its shareholders subject to appropriate withholding tax and approval at AGM to be paid to members at the close of business on the 7th of August, 2020.
  • Qualification date is on Friday, July 17, 2020.
  • Closure of Register is from Monday, July 20 to Wednesday July 22, 2020.


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