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Presco Plc has declared a final dividend of 200 kobo per 50 kobo ordinary share for the financial period ended Monday, December 31, 2018.

The dividend will be paid to shareholders, whose names appear in the Register of Members as at the close of business on Friday, July 5, 2019.

While the Register of Shareholders will be closed from Monday, July 8, 2019, to Wednesday, July 10, 2019, qualification date has been scheduled for Friday, July 5, 2019.

E-Dividend Registration: The company advised its shareholders who are yet to complete the e-dividend registration to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on the company’s website.

Unclaimed Dividend Warrants Share Certificates: Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrar.

Meanwhile, the Company’s Annual General Meeting (AGM), will be held at The Dura Club, Obaretin Estate, Km 22 Benin Sapele Road, Ikpoba / Okha LGA, Edo State, Nigeria, on Wednesday, July 24, 2019.

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Company financial results: The company recorded a revenue of N5.5 billion in 2019 Q1, as against N6.5 billion in the corresponding period of last year.

The company’s profit before tax stood at N2.5 billion in 2019 Q1 as against N3.4 billion in 2018. Profit after tax stood at N2.1 billion in 2019 as against N2.6 billion in 2018.

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About the company: Presco Plc engages in the cultivation and development of oil palm plantations, palm oil milling, palm kernel processing, and vegetable oil refining in Nigeria. It is involved in the extraction, refining, and fractioning of crude palm oil into finished products.

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Presco was formerly known as Presco Industries Limited. The company was incorporated in 1991 and is headquartered in Benin City, Nigeria. Presco Plc is a subsidiary of Nv Siat SA.

The company is currently trading N58 on the floor of the Nigerian Stock Exchange (NSE).

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Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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