2020 FY Results: Presco Plc records 37.1% increase in profit after tax.

Presco Plc released its full-year audited results for the year ended 31st December 2020.

  • Revenue for the year was N23.89 billion. (+21.1% YoY)
  • Cost of sales was N7.8 billion. (+11.45% YoY)
  • Administrative expenses totaled N6.82 billion. (+6% YoY)
  • Profit for the year was N5.26 billion.(+37.1% YoY)
  • Earnings per share of N5.26 Vs N3.84 YoY.
  • Return on equity was 17%
  • A dividend of N2 was proposed.

See link to results.

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