Presco Plc Shareholders Set to Receive N42 Dividend as Company Thrives
Presco Plc, Nigeria’s palm oil company, has declared a dividend of N42 per share for the year ended December 31, 2024. The dividend payment is scheduled for August 6, 2025. Shareholders who have completed the e-dividend registration and mandated the Registrar will receive their dividends directly into their bank accounts.
The company’s audited financial statements show a 140% surge in after-tax profit to N77.79 billion in 2024, compared to N32.35 billion in 2023. Revenue doubled to N207.5 billion, representing a 102.6% increase from N102.4 billion in 2023. Presco’s profit before tax grew by 128.7% to N113.2 billion
The company’s strong performance is attributed to its agro-industrial operations and strategic market expansion. In August 2024, Presco acquired a 52% equity stake in Ghana Oil Palm Development Company Limited, aligning with its growth strategy. Shareholders’ names must appear on the Register of Members as at July 4, 2025, to qualify for the dividend payment. The Register of Shareholders will be closed from July 7 to 11, 2025. #Presco Plc Shareholders Set to Receive N42 Dividend as Company Thrives#
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