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Nairametrics
Home Sectors Consumer Goods

2020 FY Results: Presco Plc records 37.1% increase in profit after tax.

Chidi Emenike by Chidi Emenike
April 2, 2021
in Consumer Goods
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Presco Plc released its full-year audited results for the year ended 31st December 2020.

  • Revenue for the year was N23.89 billion. (+21.1% YoY)
  • Cost of sales was N7.8 billion. (+11.45% YoY)
  • Administrative expenses totaled N6.82 billion. (+6% YoY)
  • Profit for the year was N5.26 billion.(+37.1% YoY)
  • Earnings per share of N5.26 Vs N3.84 YoY.
  • Return on equity was 17%
  • A dividend of N2 was proposed.

See link to results.


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Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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