Presco Plc Achieves 10-Year Profit High of N139.7bn, Declares N10 Dividend

Presco Plc, a palm oil maker in Nigeria, announced a record profit of N139.7 billion in the nine months ending September 30, with a 108.2% increase year-on-year. The company's revenue rose to N274.5 billion, a 113.5% jump from the previous year.

Presco's total assets increased by 29% to N612.8 billion, and it approved an additional interim dividend of N10 per share. The Managing Director, Raji Georg, highlighted the company's strong performance and commitment to rewarding shareholders amidst economic challenges.

The board's decision reaffirms confidence in Presco's growth trajectory and financial management approach.