PRESCO Agric

[Babs_O]

Originally Posted by hispy99

I repeat, if history is anything to go by, PRESCO is going to have 1 or 2 dissapointing quarters, so extrapolating 2008 Q1's results might be misleading.

Past Performance is not always quaranteed to re-occur in future. Patterns of accounting that cause the discrepancy or whatever could change. Also i hear more fruits are maturing unlike some two years back, plus some loans have been cleared (Don't quote me as i or my source may be wrong)

[hispy99]

Originally Posted by Babs_O

Past Performance is not always quaranteed to re-occur in future. Patterns of accounting that cause the discrepancy or whatever could change. Also i hear more fruits are maturing unlike some two years back, plus some loans have been cleared (Don't quote me as i or my source may be wrong)

Agreed, the past is not a guarantee of future performance, I was just pointing out a trend that seems to occur almost on a yearly basis.

[hispy99]

Latest Market Info
PRESCO: 9 MONTHS REPORT SEPT 2008

PRESCO PLC, PERIOD 9 MONTHS ENDED 30-09-2008 TURNOVER 08 N2.830b, 07 N1.856b

PBT/INTEREST & SIMILAR CHARGES 08 N960.341m,

PBT/INTEREST & SIMILAR CHARGES 07 N522.489m

INTEREST AND SIMILAR CHARGES 08 (N117.149m)

INTEREST AND SIMILAR CHARGES 07 (N151.862m) PRIOR YEAR ADJUSTMENTT 08 N843.192m, 07 N370.626m TAXATION 08 (N31.651m) 07 (N103.485m)

PATTAXATION 08 N811.541m, 07 N267.141m RETAINED EARNINGS 08 N811.541m, 07 N267.141m BAL SHEET INFORMATION FIXED ASSETS 08 N4.043b,

07 N3.742b STOCK 08 N503.256m, 07 N492.621m

TRADE DEBTORS 08 N255.453m, 07 N385.928m CASH AND BANK BALANCES 08 N343.194m,07 149.014m OTHER DEBIT BALANCE 08 N92.995m, 07 N374.198m

TRADE CREDITS 08 N115.855m,07 N214.797m SHORT TERM BORROWINGS 08 N58.756m, 07 N188.352m OTHER CREDIT BALANCES 08 N790.968m 07 N498.056m WORKING CAPITAL 08 N229.320m,07 N114.629m NET ASSETS 08 N2.769b, 07 N2.122b