Transcorp Power reports N28.772 billion pre-tax profit in Q1 2024

Transcorp Power Plc has reported a pre-tax profit of N28.772 billion for the Q1 ended March 31, 2024.

This represents an impressive 774.85% YoY increase and accounts for 55% of the pre-tax profit reported for the entire fiscal year of 2023.

According to the company’s Q1 2024 unaudited interim reports, Transcorp Power reported an impressive revenue of N67.862 billion, marking 222.54% YoY increase from the N21.040 billion reported the year prior.

By Idika Aja.

Full story at Naira Metrics.