{
  "id": 17952236,
  "title": "Presco posts N151.5bn profit before tax in nine months",
  "url": "https://urgent.news/2026/11/03/presco-posts-n151-5bn-profit-before-tax-in-nine-months",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T11:18:52.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/presco-posts-n151-5bn-profit-before-tax-in-nine-months/"
  },
  "original_language": "en",
  "account": "Presco Plc announced a stronger financial performance for the first nine months of 2026, with a 8.5% increase in profit before tax to N151.5bn. The company's profit after tax rose 11.9% to N68.7bn, reflecting its resilience amid domestic inflation and lower global edible oil prices. Operating profit for the standalone group grew 12.7% to N96.9bn, while revenue from Nigeria increased 12.7% to N222.0bn. Gross profit remained strong at N202.8bn with margins exceeding 73%. Cost of sales declined 6.2% to N46.2bn due to internal cost management. The company reduced its debt exposure by 57% to N137.1bn, cutting total liabilities by 42.4% to N278.2bn. Shareholders' equity grew 10.1% to N487.3bn. Presco's Managing Director, Reji George, credited disciplined cost control and productivity optimization for the results, and expressed confidence in further growth.",
  "summary": "Presco Plc has announced an 8.5% year-on-year growth in profit before tax to N151.5bn for the first nine months ended September 30, 2026. Read More: https://punchng.com/presco-posts-n151-5bn-profit-before-tax-in-nine-months/",
  "key_points": [
    "Presco's profit before tax increased 8.5% to N151.5bn in nine months",
    "Profit after tax rose 11.9% to N68.7bn amid inflation and lower oil prices",
    "Debt exposure reduced 57% to N137.1bn and liabilities fell 42.4% to N278.2bn"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}