May 3, 2024/Cordros Report In this report, we update our views on DANGCEM and outline our expectations for the rest of the year. The group’s Q1-24 result revealed a robust growth in aggregate revenue (+101.0% y/y), which as we envisaged was driven by the 78.9% y/y hike in prices and […]
Results & Dividends
Presco Plc FY 2023: Tapered Cost of Sales, Biological Asset Revaluation Gains Support Strong Profitability
May 3, 2024/CSL Research Presco Plc (PRESCO) in its audited FY 2023 results reported a 26.4% y/y growth in Revenue to N102.42bn from N81.03bn (FY 2022). However, on a q/q basis, Revenue was down 11.3% to N25.55bn (Q4 2023) from N28.8bn (Q3 2023) possibly due to the observed decline in […]
Presco Delivers All-Around Performance in 1Q24
FSDH Initial Reaction: Presco 1Q24 results Kindly click here to download the report. May 2, 2024/FSDH Research Key Performance Highlights: Presco published a solid set of 1Q24 numbers, registering a 94.1% YoY revenue jump and a significant growth of 141.5% in the net profit. Presco, a prominent player in Nigeria’s […]
