PRESCO RECORDS ₦122.2 BILLION H1 PROFIT, DECLARES ₦10 DIVIDEND

Presco Plc has reported a strong financial performance for the first half of the year, posting ₦122.2 billion in profit and declaring a ₦10 dividend for shareholders.

The company’s performance reflects growth in its palm oil operations, improved market conditions, and strategic efforts to strengthen production and operational efficiency.

Presco said the results demonstrate the resilience of its business despite challenges affecting the broader operating environment.

Market analysts said the strong earnings highlight the company’s position within Nigeria’s agricultural sector, particularly as demand for locally produced edible oils continues to grow.

They noted that the dividend declaration provides value to shareholders while reinforcing investor confidence in the company’s long-term prospects.

Agriculture and investment experts added that increased productivity, value-chain development, and continued investment in local production will be essential for sustaining growth in Nigeria’s agro-industrial sector.

Presco reaffirmed its commitment to expanding operations, improving efficiency, and delivering sustainable value to shareholders and stakeholders.