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Home Markets Equities Company Results

H1 2018 Results: Presco Plc records 9% decrease in revenue

mudeerat olawunmi by mudeerat olawunmi
August 1, 2018
in Company Results, Markets, Stock Market
Presco, oil Palm, gainers and losers

PZ Cussons

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Presco Plc recently released its H1 2018 financial statements for the year ended 30 June 2018.

Here are the key highlights of the reports:

Revenue

The company reported revenue of ₦11.66 billion for the period ended June 2018 compared to ₦12.83 billion reported for the period ended June 2017. This represents 9% decrease.

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Profit Before Tax

Profit before tax was ₦5.72 billion for the period ended June 2018, a 25% decrease compared to profit of ₦7.60 billion reported for the period ended June 2017.

Profit After Tax

The company’s profit after tax for the half year ended 30th June 2018 was ₦3.99 billion, a 28% decrease compared to profit of ₦5.56 billion recorded in H1 2017.

Earnings Per Share

Presco Plc reported earnings per share of N4 for the period ended June 2018 as against earnings of N6 reported for the comparative period in 2017.

Current Share Price

Presco Plc stock as at 31 July 2018 was N59.55, 1-year return down 22.61%.

DOWNLOAD PRESCO PLC H1 2018 RESULTS HERE


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Tags: 2018 Half Year ResultsPresco Plc
mudeerat olawunmi

mudeerat olawunmi

Mudeerat Olawunmi is a graduate of Business Administration with over 5 years experience in online data gathering and analysis. Wunmi is a data analysts at Nairametrics and helps ensure that our readers get some of the most important macro and micro economic data required to help make investing decisions.

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