Transcorp Continues on Track of Profitability Announces Before Tax Profit of N7.2billion
Transnational Corporation of Nigeria Plc (Transcorp) announced its Unaudited Nine Months Financial Results. The Group posted a profit before tax of N7.2 billion for the period under review. HIGHLIGHTS OF THE RESULT: Income Statement Gross Earnings (Group): N30.43 billion; compared to 2014Q3 results of N31.40bn; Gross Earnings (Company): N2.27 billion, compared to N1.12 billion in […]
Transcorp Announces Q1 Group Profit Before Tax of N2.57bn
Transnational Corporation of Nigeria Plc (“Transcorp”) today announced financial results for its first quarter ended 31 March 2015. The Group posted a Profit Before Tax (“PBT”) of N2.57bn for the period. The results show: Revenue for the Group stood at N9.92 billion which represents a slight drop of 5% from Q1 2014 results of N10.54 […]
Transcorp Announces Group Operating Profit of N12.4bn for the Nine Months Ended September 30, 2014.
Lagos, Nigeria – October 28, 2014 – Transnational Corporation of Nigeria Plc (Transcorp) continued on an impressive growth trajectory for its FY 2014 following the announcement of its Group Profit Before Tax (“PBT”) of N9.7bn for the nine months ended September 30, 2014, an 89% year on year (yoy) increase from September 2013. Highlights of the […]
Why Transcorp Hotels IPO is a Good Deal
I am delighted to inform you that the initial public offer (“IPO” or “the Offer”) of 800,000,000 ordinary shares of Transcorp Hotels Plc (“Transcorp Hotels”) opened today and the shares are now available to the investing for subscription. Transcorp Hotels, the owner of the Transcorp Hilton in Abuja; Transcorp Hotels Calabar; and the developer of […]
Transcorp Takes Over Ughelli Power Plant
Transcorp Ughelli Power Limited (TUPL), a subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) today officially took physical ownership of Ughelli Power Plc, the owner and operator of the 1000MW capacity Ughelli Power Plant following a handover ceremony hosted by the Nigerian Federal Government. The ceremony was held at the plant located in Ughelli, Delta […]
Transcorp Announces Profit before Tax of N5.1bn for the Nine Month Period ended September 30, 2013
Transnational Corporation of Nigeria Plc (Transcorp) has announced an impressive Profit Before Tax (“PBT”) of N5.1bn for the third quarter ended September 30, 2013, which represents 130% of its full-year 2012 PBT. Commenting on the results, the President and Chief Executive Officer; Transcorp, Mr. Obinna Ufudo said: We are pleased to present our third quarter […]