Transcorp grows profit to N34.7b in three months

witnessed remarkable growth in its business in the first quarter with pre-tax profit rising by 1,110 per cent to N34.7 billion within the first three months of the year.

Profit before tax inclusive of extra ordinary income was N45.7 billion in first quarter 2024 compared with N2.9 billion in 2023. The group recorded extra ordinary income of N11 billion during the period from the realised gain from the sale of shares. Transcorp Power, a subsidiary of Transcorp Group was listed on the NGX during the period, with Transcorp providing some shares for sale, in line with the rules guiding listing by way of introduction.

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