In 2024, Presco Plc's ₦63.46 per share led the sector while Livestock Feeds Plc saw an exceptional 900.0% earnings rebound

Key takeaways:

  • Livestock Feeds Plc surged from a -₦0.08 loss per share to ₦0.64 EPS, marking a 900.0% improvement—the biggest turnaround in the sector.
  • Presco Plc posted ₦63.46 EPS in 2024, nearly doubling its previous year’s ₦32.41.
  • Okomu Oil Palm rose from ₦21.64 to ₦41.89, showing a 93.6% year-on-year growth.
  • FTN Cocoa Processors reduced its loss marginally, from -₦2.70 to -₦2.44, a 9.6% improvement.
  • The top two companies by EPS (Presco and Okomu) are significantly outperforming their peers.

In 2024, Presco Plc led the agricultural sector in Earnings Per Share (EPS) with its ₦63.46 per share. Noteworthily, Livestock Feeds Plc, though the third on the list, delivered the most dramatic turnaround among Nigeria’s listed agricultural companies in 2024. The company rebounded from a loss of -₦0.08 per share in 2023 to post an earnings per share (EPS) of ₦0.64 in 2024—a staggering 900.0% year-on-year improvement.

Aside from Livestock Feeds Plc, other companies also posted impressive growth. Presco Plc and Okomu Oil Palm nearly doubled their EPS, with 95.8% and 93.6% growth, respectively. Meanwhile, FTN Cocoa Processors and Ellah Lakes Plc remained in negative territory but managed modest recoveries.

Source:

Companies Annual Reports

Period:

2024
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