Presco forecasts N6.994b profit for full year 2020

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 the forecast of its performance for the fourth quarter 2020 with a projection to record a turnover N24.526 billion in the full year and profit after tax of N6.994 billion

The forecast is expecting cash/bank balance at the end of the year to drop to -N1.158 billion from -N3.679 billion at the end beginning of the year.

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