Nigerian palm oil firm Presco Plc has introduced a remaining dividend of N42 for each 50 kobo strange share held, for the {financial} yr ended December 31, 2024.
The announcement was made in a launch filed with the Nigerian Change and signed by the Firm Secretary, Frederick Ichekwai.
In line with the submitting, solely shareholders whose names seem on the Register of Members by July 4, 2025, shall be eligible to obtain the dividend.
Presco additional disclosed that the dividend cost shall be made electronically on August 19, 2025, the identical day as its Annual Common Assembly (AGM).
The corporate additionally reminded shareholders that solely those that have accomplished e-dividend registration will obtain cost, and urged unregistered members to contact its registrar, First Registrars & Investor Companies, to replace their data.
What to know:
Presco Plc delivered a powerful first-quarter efficiency, reporting a pre-tax revenue of N58.6 billion, practically doubling the N29.6 billion posted in the identical interval final yr.
This sharp rise was pushed by a major leap in income, which climbed to N93.7 billion, greater than twice the N42.5 billion recorded in Q1 2024.
On the stability sheet, retained earnings rose to N174.3 billion, up from N126.7 billion a yr earlier.
Complete belongings elevated by 15.52%, reaching N548.8 billion, with property, plant, and gear accounting for N271.2 billion of that determine.
