By Emma Amaize
BENIN—CHAIR-MAN, Board of Directors, Presco Plc, Edo State, Pierre Vandebeeck, yesterday, said the company witnessed significant revenue growth from N15.72 billion in 2016 to N22.37 billion in 2017, representing 42.3 per cent growth.
Vandebeeck, who addressed shareholders at the 25th Annual General Meeting, AGM, said: “Profit after tax, after accounting for changes in fair value of biological assets, was N25.40 billion (2016: N21.74billion).
“Your board of directors has proposed a dividend of 200 kobo per share, which amounts to N2 billion only for shareholders’ approval subject to withholding tax at the appropriate rate.
“Fresh fruit bunches, ffb, harvested in 2017 was 169, 352 tons (2016: 164,513 tons crude oil palm produced was 37,637 tons (2016: 35,555 tons), refined, bleached and deodorized oil of 23,330 tons (2016: 28,506 tons) and…
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