Transcorp Half-Year Performance Shows Powerful Growth as Pro

Transcorp Half-Year Performance Shows Powerful Growth as Profit Leaps by 713%


Transcorp Half-Year Performance Shows Powerful Growth as Profit Leaps by 713%
Posted by African ExaminerAfrican News, Business News, Latest News
Friday, July 30th, 2021
(AFRICAN EXAMINER) – Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the half-year ended June 2021, recording significant improvement across its major income lines.
The Conglomerate with strategic investments in the Power, Hospitality, and Energy sectors, recorded a profit after tax of N6.5bn, rising by 713% up from N0.8bn recorded in June of the previous year. Other key highlights of the result include the following:
  *   Revenue rose by 53%, from N35.0bn in June 2020 to N53.3bn in the period under consideration.

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