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)

Related Posts

18

Sep
Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed: […]

18

Sep
Business & Economy

Nigerian Bourse drops by 1.10% in one week on profit taking, sheds N409bn

The Nigerian stock market declined by 1.01% week on week, as NESTLE, PRESCO and other 51 stocks shed weights. The All Share Index dropped by 1.10% to settle at 67,395.74 points from 68,143.34 points. Consequently, the Market capitalization also dropped by 1.10% to settle at N36.886 trillion from N37.295, thereby shedding N409 billion. An aggregate of 2.93[…]