Presco proposes N6.60 final dividend to shareholders in FY 2021

Presco Plc has proposed a final dividend of N6.60 to its shareholders for the year ended 31 December 2021. This is in addition to an interim dividend of N1 already paid, making a total dividend pay-out of N7.60.

The Group reported a turnover of N47.426 billion for the 12 months period, up by 98.51% from N23.892 billion reported the previous year.

Profit after tax grew by 267.16% to N19.32 billion from N5.26 billion reported the previous year.

Earnings per share of Presco stands at N19.32, up by 267.16% from the EPS of N5.26 reported in FY 2020.

At the share price of N200, the P/E ratio of Presco Plc stands at 10.35x with earnings yield of 9.66%.

Source: Presco proposes N6.60 final dividend to shareholders in FY 2021 – StocksWatch (stocksng.com)

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