Presco reports N16.18bn as profit in Q3 2022, declares N2 interim dividend to shareholders

Presco Plc declared an interim dividend of N2 to its shareholders for the 9 months ended, 30 September, 2022.

The Company reported a turnover of N51.257 billion for the 9 months period, up by 49.70% from N34.239 billion reported the previous year.

Profit after tax grew year on year by 17.43% to N16.176 billion from N13.175 billion reported the previous year.

Earnings per share grew by 17.43% to N16.18 from the EPS of N13.78 reported in Q3 2021

At the share price of N128.35, the P/E ratio of Presco stands at 7.93x with earnings yield of 12.60%.

Qualification date for the proposed dividend is 21^st November, 2022.

Closure of Register of Shareholders is on 22^nd November 2022.

Payment date is on Friday, 25^th of November, 2022.