The Full Year financial report of Presco Plc for the period ended December 31st 2018 reveals that the group declined by 4.56% in Gross Earnings closing at N21.344 billion from the previous close of N22.365 billion in 2017.
The Profit after Tax (PAT), dropped by 25.18% to arrive at N4.2 billion below N5.7 billion recorded in FY’17.
The company that possesses oil palm plantations, a palm oil mill, a palm kernel crushing plant and a vegetable oil refining plant in Nigeria sheds its shareholders’ Earning Per Share (EPS) by 25.18%, closing at 428 kobo away from 573 kobo reported in 2017.
At a reference price of N58.00, the producer of specialty fats and oils’ PE Ratio stood at 13.54x with earnings yield of 7.39%.
The Company’s management led by Felix Onwuchekwa Nwabuko, Managing Director/CEO, Presco PLC as at the time of computation of this result was silent about Dividend information