• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 3, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Presco Grows Pre-tax Profit By 121.8% To N111.9bn

by Olushola Bello
4 hours ago
in Business
presco
Share on WhatsAppShare on FacebookShare on XTelegram

Presco Plc has reported a profit before tax of N111.9 billion, representing 121.8 per cent year-on-year growth in its unaudited financial and operational results for the half year ended June 30, 2025.

Advertisement

Driven by strong revenue growth and operational resilience, Presco’s financial performance released on the Nigerian Exchange (NGX) underscores its market leadership and commitment to delivering value to shareholders. The company declared an interim dividend of N20 per share for the H1 ended June 30, 2025.

The results showed that the Group delivered a profit before tax of N111.9 billion in H1 2025, up 121.8 per cent from N54.5 billion in the same period last year. This performance reflects the Group’s strong revenue base, improved cost discipline, and strategic focus on long-term value creation.
Revenue for the period under review stood at N198.7 billion, a 125.8 per cent increase from N88.0 billion in H1 2024. Gross profit rose by 164.1 per cent to N173.2 billion, while operating profit stood at N129.8 billion, up 138.3 per cent year-on-year.

Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 133.5 per cent to N132.5 billion; while earnings per share increased to N88.72, up from N38.88.
Presco’s total assets rose by 29 per cent to N612.9 billion as against N475.096 billion as at December 31, 2024.

Speaking on the performance, Presco’s managing director, Reji George, stated, “We have delivered significant growth in earnings, sustained our investment in operations, and continued to build a healthy balance sheet.

RELATED

Nigerian Breweries Records N106bn Net Loss

Nigerian Breweries Records N738.14bn Revenue

4 hours ago
‘95,000 Women, Children Die Annually From Charcoal Smoke’

Charcoal Trade Threat To Forest Sustainability, Livelihood – FG

4 hours ago

“Our H1 2025 performance reflects the strength and discipline of our diversified business model. These results speak to the resilience of our team and the trust of our stakeholders.”

Looking ahead, he said, “We are well-positioned to sustain this momentum, with our robust operational capacity and strategic initiatives expected to drive continued growth and value creation for our stakeholders.”

Presco Plc, a listed company on the Nigerian Exchange, is a fully integrated edible oils company engaged in the cultivation of oil palm and the production, refining, and marketing of speciality fats and oils.

Its operations are strengthened by its key subsidiaries: Ghana Oil Palm Development Company Limited (GOPDC) and Siat Nigeria Limited, which extend its footprint and enhance its market leadership across West Africa.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Presco Plc
SendShareTweetShare
Previous Post

Nigerian Breweries Records N738.14bn Revenue

Next Post

CSOs Kick Against Planned LG Election In Rivers

Olushola Bello

Olushola Bello

You May Like

Nigerian Breweries Records N106bn Net Loss
Business

Nigerian Breweries Records N738.14bn Revenue

2025/08/03
‘95,000 Women, Children Die Annually From Charcoal Smoke’
Business

Charcoal Trade Threat To Forest Sustainability, Livelihood – FG

2025/08/03
Shippers’ Council Condemns Vandalism, Theft Of Rail Tracks
Business

Shippers’ Council Seeks Abia Govt. Support On Isiala Ngwa Inland Dry Port Revival

2025/08/03
Use Existing Frameworks To Bridge Metering Gap, NERC Tells Distribution Firms
Business

NERC Transfers Regulatory Oversight Of Electricity Market In Nasarawa State To NASERC

2025/08/03
Lawmakers, Marítime Workers Kick Over NPA’s 50% Federation Account Remittances
Business

To Maximise Blue Economy Potential, NPA Assure Investors Of EODB

2025/08/03
Stanbic IBTC Recommits To Fostering Better Learning Environments
Business

Stanbic IBTC Bank Launches Innovation To Boost Digital Financial Transactions

2025/08/03
Leadership Conference advertisement

LATEST

Presidency Defends ₦712bn Lagos Airport Renovation

NDLEA Intercepts Cocaine, Tramadol Consignments In Vehicle Side Mirrors

Malaria: Oyo Begins Free Distribution Of 5m Insecticide-treated Nets

Amnesty Int’l Flays Govt’s Silence On Dadiyata’s Disappearance

Ex-Super Eagles Keeper, Peter Rufai, Goes Home August 22

Team Nigeria Praised For Discipline At African School Games

Emulate Super Falcons’ Resilience, Garba Lawal Urges Super Eagles

Zulum, Emeka Offor Donate N2.7bn To UMTH

Flavour Celebrates 15 Years Of Highlife Album That Changed His Game

Blessing CEO’s Fiancé, IVD, Arrested At Lagos Airport

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.