Presco Grows Profit By 51.5% In Q1 2022


Presco Plc, a Benin City based fully-integrated agro-industrial establishment with oil palm plantations, palm oil mill, palm kernel crushing plant and vegetable oil refining and fractionation plant  has released its result for the three months ended 31 March 2022 with 51.5% rise in company profit for the period to N5.822 billion from N3.843 billion in Q1 2021.

However, group profit for the period was put at N5.889 billion.

NewsBeatng reports that while the company grew revenue by 94.53% to N15.420 billion in Q1 from N7.927 billion in 2021, group revenue was put N19.613 billion in Q1 2022.


ALSO READ  DMO Releases Bonds Issuance Calendar For Q1 2022

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button