Transcorp Group Records Revenue, Gross Earnings Growth In Q1

Company has declared a N2 billion dividend payment for 2022. In Q1 2023, the Group recorded N32.4 billion in gross earnings, reflecting an improvement from N31 billion, despite facing economic and gas challenges, that affected the power business’s generation capacity. 2022 will be the 5th consecutive year of unbroken dividends payment by Transcorp, since the Elumelu led team assumed leadership of the conglomerate.

Dr. Owen Omogiafo, Group President/CEO, also highlighted Transcorp’s ESG initiatives and progress in reducing its carbon footprint, supporting local communities, and promoting diversity, equity, and inclusion. “Transcorp is about sustainability. We will continue to execute our sustainability strategy of transforming our world to create positive environmental, social, and economic impact across our businesses and communities.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Otedola confirms acquisition of stakes in TranscorpBillionaire businessman, Femi Otedola, has confirmed the acquisition of shares in the indigenous conglomerate, Transcorp Corporation Plc.
Source: MobilePunch - 🏆 8. / 63 Read more »

Otedola confirms acquisition of 5.52% stake in Transcorp | TheCableFemi Otedola, the chairman of Geregu Power, has confirmed the acquisition of a 5.52 percent stake in Transcorp Plc.
Source: thecableng - 🏆 2. / 80 Read more »