Presco Plc recently released its H1 2018 financial statements for the year ended 30 June 2018.
Here are the key highlights of the reports:
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.
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%.