Posted on January 17, 2017 by Ugo Obi-chukwu

PZ Wilmar Stakes $80m In Crude Palm Oil Refinery In Nigeria. 

The News Agency of Nigeria is reporting that PZ Wilmar Limited, has staked about $80 million on its crude palm oil refinery in Nigeria. According to the company, the plan, which is being implemented, “would save the country some foreign exchange  by eliminating yearly imports of $300 million spent on Palm oil importation, while bringing Read More

Posted on January 5, 2017 by Jon Snow

2017 Outlook: Presco Plc Is Too Hot To Ignore

The oil palm producers have benefited immensely from government policies, which explain why Presco Nigeria Plc has been on a growth spurt from 2015 through 2016. The company’s expansion plans carried out with a view to increasing its share of the market will bolster sales, lead to increased profit while contemporaneously magnifying shareholders earnings. Oil Read More

Posted on October 26, 2016 by ARM Research

2016 9 Months Results: 3 Things You Need To Know About Presco’s “Monster” Performance

Presco Plc. (Presco) released its unaudited 9M 16 results wherein revenue climbed 48.4% YoY to N11.9 billion while PBT and PAT doubled YoY to N9.7 billion and N6.8 billion respectively. Favourable FX policy sustains revenue growth: Extending double digit growth in the prior two quarters, Q3 16 turnover climbed 31.6% YoY to N4.4 billion. The sturdy top-line growth continues Read More

Posted on October 26, 2016 by Jon Snow

Analysis: Presco Reaps Big From Import Ban

The export of Crude Palm kernel Oil (CPO) to Europe by Presco Nigeria Plc which was aimed at generating dollar revenue is beginning to pay off. CPO has bolstered top lines as well as increased gains on revaluation of biological assets underpinning  profitability rise. For the first nine months through September 2016, Presco’s net income surged Read More

Posted on October 25, 2016 by Nairametrics

Presco Plc Release 2016 Third Quarter Earnings

Presco Plc released its 2016 result for the nine months ended 30 September 2016 ; See below   Presco Plc 2016 Q3 Results Presco Plc 2016 Q3 2015 Q3 %age Change N’000 N’000 Revenue     11,937,513    8,044,387 48% Pre-tax profits 9,714,671    4,735,330 105% Profit after tax 6,800,270    3,434,536 98% EPS (Kobo) 680k Read More

Posted on May 13, 2016 by Nairametrics

Presco 2014 Profits Changes From N2.6billion to N5.2 Billion After Correcting “Error”

Presco Nigeria Plc released its 2015 Full Year results showing profit after tax dropped 55% to N2.3 billion (2014 FY N5.2 billion). The company also reported toppling revenue growth of 14% with revenues rising to N10.4 billion compared to N9.1 billion the year earlier. A further look at the results reveals that the reason for Read More

Posted on October 29, 2015 by Editor

[Corporate Action] Presco Plc’s Profit After Tax Rises By 58% to N3.5 billion In Q3’2015

Presco Plc released its financial results for the nine months ended 30 September 2015. The result showed that revenue rose by 16.23% from N6.9 billion in Q3’2014 to N8 billion in Q3’2015. Pre-tax Profits also rose by 60.53% from N3 billion in Q3’2014 to N4.8 billion in Q3’2015. PRESCO PLC Q3 2015 2015 2014 % Read More

Posted on July 28, 2015 by Nairametrics

Why Presco is Ecstatic About CBN Forex Policies

Presco Plc has commended the Central Bank of Nigeria (CBN’s) policy to ban foreign exchange sales to certain segments of the economy, noting that this move by the apex bank will help save its hard-earned and scare foreign exchange and boost local production in the country. Chairman, Presco Plc, Mr.‎ Pierre Vandebeeck,‎ explained that each Read More

Posted on June 15, 2015 by Nairametrics

[Analysis] Is El Niño a threat to Presco and Okomu Oil?

While there has been legitimately founded fears on the impact of this year’s El Niño, the persistence of lingering economic trends, more than the weather event, could determine its end effect and its impact on economic activity. The El Niño, which is defined by a prolonged warming in the Pacific Ocean sea surface temperatures, leads to Read More

Posted on May 12, 2015 by Nairametrics

Buy, sell or hold? Presco Plc after 2014 FY results

Presco Plc. (12 months ended December 2014 and 3 months ended March 2015) Presco Plc released audited results for 12 months ending 31st December 2014 as well as unaudited Q1 2015results. Onthe FY 2014 results, revenues rose 7.7% YoY to N9.1 billion while PBT and PAT were 46.5% and 94.8% higher YoY at N3.4 billion and N2.6 billion respectively. Presco also announced a N1 dividend per share which implies a payout ratio Read More