PRESCO grows profits to 5bn in Q3’20

PRESCO Plc has grown its third quarter Profit After Tax in 2020 to N5bn which is about 65% better than N3.2bn reported same period in 2019.

The company’s Turnover for the period under review stood at N18.9bn which is 24.48% better than N15.2bn reported last same period in 2019.

The shareholders’ earnings per share of N5.03 for the period under review when compared with N3.22 reported for the comparative period of 2019, represent 56% growth.

As at when computed at a price of N65.90PRESCO Plc PE Ratio stood at 13.10x with about 7% earnings yield.

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