WorldStage Newsonline– Presco Plc, a Benin City based fully-integrated agro-industrial establishment with oil palm plantations, palm oil mill, palm kernel crushing plant and vegetable oil refining and fractionation plant has released its financial statement for the period ended 31 December 2020 with an increase in revenue to N4.992 billion in the last three months of the year (Q4) from N4.527 billion in Q4 2019.
Revenue for the full year rose to N23.909 billion from N197.236 billion in 2019.
The group grew its profit by 222.30% to N2.004 billion in Q4 2020 from N621.853 million in Q4 2019.
The profit for the full year grew by 83.25% to N7.035 billion from N3.839 billion in 2019.
