Presco grows half year profit by 130.68%

Presco Plc has published its Second Quarter report on the website of the Nigerian Exchange Group.

The Oil Palm processing company achieved year on year growth in its top line and bottom line figures for the period ended 30 June 2021.

A turnover of N21.465 billion was reported, up by 59.49% from N13.458 billion reported the previous year.

Profit after tax grew by 130.68% to N10.167 billion from N4.39 billion reported in HY 2020.

Earnings per share for the six months period increased to 10.13 from the EPS of N4.39.

At the share price of N71, the P.E ratio of Presco Plc stands at 7.01x with earnings yield of 14.26%.

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