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Presco posted nine-month profit before tax of N151.5 billion, up 8.5%, despite inflation pressures and softening edible-oil prices.

Presco grew nine-month revenue 12.7 percent to N222 billion as Nigeria tight edible-oils market and its integrated palm oil model sustained double-digit demand.

Presco reports higher nine-month pretax profit, lower borrowings and reduced finance costs as it prepares additional plantation output.