Oil Palm giant, Presco Plc (NGX: PRESCO) has declared an interim dividend of ₦20.00 for every share of 50k held for the half-year financial period ended 30 June 2025.
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Qualification date for the interim dividend which is subject to appropriate withholding tax and approval has been set at Friday 7 November 2025.
On the Friday 21 November 2025, Interim dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Friday 7 November 2025 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.
In its condensed interim financial statements for the six months ended 30 June 2025, Presco Plc posted a revenue of ₦198.73 billion (H1 2024: ₦88.02 billion), a profit after tax of ₦88.72 billion (H1 2024: ₦38.87 billion). and an Earnings Per Share of ₦88.72 (H1 2024: ₦38.88).
Presco Plc was incorporated in Nigeria on 24th September, 1991 as Presco Industries Limited, a private limited liability company under the Companies and Allied Matters Act, and became a public limited liability Company in February, 2002. Presco Plc’s shares are actively traded on The Nigerian Stock Exchange with the Siat Group holding 60% while the Nigeria Public holds 40%.
It is a fully integrated agro-industrial establishment with oil palm plantations, palm oil mill, palm kernel crushing plant and vegetable oil refining plant. Presently, the only one of such in Nigeria.
Presco specializes in the cultivation of oil palm and in the extraction, refining and fractionation of crude palm oil into finished products.
It supplies specialty fats and oils of outstanding quality to customers’ specification and assures a reliability of supply of its products all year round. This is made possible by the integrated nature of the company’s production process.
The company operates from eight estates (6 in Nigeria and two in Ghana): Obaretin Estate, Ologbo Estate and ATO Estate in Edo State, Cowan Estate in Delta State, Ubima & Elele in Rivers State, Kwae and Okumaning estates in Ghana.
The address of the Company’s registered office is Obaretin Estate, Km 22 Benin-Sapele Road, Ikpoba-Okha LGA, Benin City, Edo State.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
