Transcorp Power Plc, one of the electricity generating subsidiaries of Transnational Corporation Plc , has recorded N67.86 billion gross earnings in its first quarter unaudited financial statements, for the period ended March 31, 2024.
Its Profit before Tax rose by 775 per cent, amounting to N28.77 billion in first quarter of 2024, compared to N3.29 billion in the same period last year.“Profit after Tax grew by 665 per cent year-on-year to N20.1 billion in first quarter of 2024, compared to N2.6 billion in the same period last year. Total assets grew to N276.2 billion in first quarter of 2024, up from N223.3 billion in fourth quarter of 2023,” the company said.
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