Presco Plc released its half year financial report on 31st August, 2020. The Company grew its Gross Earnings by 29.35, closing the half year period with 13.5 billion against the previous close of N10.4 billion in Half Year 2019.
Profit before tax closed at 5.77 billion, up by 67.71%, when compared with its previous close of N3.44 billion in half year 2019.
Profit after tax grew by 70.51% to close at N4.4 billion away from the previous close of N2.6 billion in half year 2019.
Earnings per share for the period under review grew to N4.39 from the previous earnings per share of N2.57 in half year 2019.
With reference to the share price of N47.45, P.E ratio of presco Plc stands at 10.81x with earnings yield of 9.25%.