Analyst: Abigail Alabi* a.alabi@vetiva.com Target price: ₦250.97 Rating: SELL PRESCO recently released its unaudited FY’23 earnings, reporting a 133% y/y growth in PAT to ₦30.4 billion. Volume fuels PRESCO’s revenue growth In Q3’24, revenue growth of 20% y/y to ₦26 billion, was delivered through a combination of increased volume and higher pricing amidst strong demand….
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