Presco MD Wins ‘Achiever in Agriculture’ Award
The Managing Director of Presco Plc, Mr. Felix Nwabuko has emerged winner of the 2018 ‘Achiever in Agriculture’ award.
Receiving the award at a ceremony in Abuja recently, Nwabuko projected sustained growth for the agricultural sector.
He also used the opportunity to commend various policies put in place by the federal government.
Nwabuko said, “Agriculture has always been with us. Agriculture is always with us and agriculture will always remain with us.”
He advised stakeholders to celebrate initiatives, saying, “we will see more growth in the sector.”
Nwabuko dedicated the award to all stakeholders and the growth of Agriculture in Nigeria. The organisers commended Presco Plc for putting in place “time tested policies” and for ensuring growth and profitability.
For the year ended December 31, 2017, Presco Plc recently informed shareholders that the company witnessed another year of significant revenue growth, from N15 billion in 2016, to N22.3 billion in 2017. This represented a 42.3 per cent growth.
Also, within the period under review, its profit after tax rose to N25.40 billion, as against the N21.74 billion recorded in 2016, while turnover stood at N22.3 billion, as against the N15.7 billion recorded the previous year.
The development prompted the company to reward shareholders with total dividend payout of N2 billion.
At the award ceremony also, President Muhamadu Buhari and Osun State Governor, Rauf Aregbesola were honoured with special policy award and pillar of agriculture respectively.
The Nigeria Agriculture Award (NAA) is put together by AgroNigeria for recognition and celebration of agriculture stakeholders who have contributed to the growth of the sector.
Speaking at the event, Chief Executive Officer, AgroNigeria, Richard-Mark Mbaram, commended all stakeholders for their contributions to the development of agriculture, adding that there was need to do more.