Tag: Transnational Corporation of Nigeria

Transcorp Delivers Robust Q3 Results, Record 671% PBT Growth

Ayo Olowo

Nigeria’s leading and largest listed diversified conglomerate, Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the third quarter ended September 30, 2021, indicating sustained growth in 2021 as seen in the first two quarters of year. With strategic investments in the Power, Hospitality, and Energy sectors, the conglomerate recorded a profit after tax of N13.5bn, rising by 671% up from N1.75bn recorded in the previous year. Other […]

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Transcorp committed to significantly increasing power generation in Nigeria

Ayo Olowo

…Tony Elumelu states “Transcorp will light up Nigeria”. At the 11th Annual General Meeting of Transnational Corporation of Nigeria Plc (“Transcorp”), the Board of Directors confirmed their confidence in Transcorp’s growth trajectory and affirmed the Company’s commitment to increasing yield and returns to shareholders, while continuing its significant capital investment strategy. Despite the difficult economic climate, revenue grew by 46% in 2017 (N59.42bn). Transcorp is Nigeria’s leading listed conglomerate, active in the power, […]

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