Presco Plc has reported a pre-tax revenue of N113.2 billion for the 12 months ended 31 December 2024, as outlined in its just lately revealed audited {financial} statements on the Nigerian Change (NGX).
This determine represents a considerable 128.74% improve in comparison with the N49.4 billion recorded within the earlier 12 months, pushed by a big surge in income.
Full-year income greater than doubled, reaching N207.5 billion, which is a 102.60% improve from the prior 12 months’s determine of N102.4 billion.
On the similar time, the price of gross sales elevated by 72.92%, rising to N65.5 billion in comparison with N37.8 billion reported the earlier 12 months.
Moreover, the group’s good points from organic belongings rose to N28.9 billion, marking a year-over-year development of 136.85%. This contributed to the 114.56% improve in core operations income, which reached N125.7 billion.
The group additionally revealed its advice of a remaining dividend of N42 per 50 kobo for registered members, pending approval on the Annual Basic Assembly.
As of April 8, 2025, PRESCO is priced at N785, reflecting a year-to-date efficiency of 65.3% within the Nigerian inventory market. Within the earlier 12 months, 2024, the inventory achieved a year-to-date efficiency of 136.8%.
