Geregu Power Plc, electricity generation company (GenCo), has reported a revenue of N39 billion for the nine months ended September 30, 2022.
Geregu Power Plc, an electricity generation company , has reported a revenue of N39 billion for the nine months ended September 30, 2022.The figure represents a decline of 27.8 percent compared with the N54 billion recorded in the corresponding period in 2021.
“Consequently, operating profit stood higher at N16 billion, up from N15.1 billion in the nine months of 2021,” the statement reads. “Listing on the main board of the exchange will ensure that the long-term growth of the company is assured and its benefits will be passed on to our esteemed shareholders,” he had said.On his part, Abubakar Mahmood, chairman, Nigerian Exchange Limited , had said they were particularly pleased that Geregu Power joined the prestigious group of companies listed on the main board which will differentiate it as a professionally run power company with high standards, having met NGX’s listing criteria.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The proposed sale of power plants | The Guardian Nigeria News - Nigeria and World NewsControversy surrounding the proposed sale by the Federal Government of the five National Integrated Power Projects (NIPP) assets should not be surprising, considering the obvious failure of the privatisation exercise of power distribution aspects of the sector, for which Nigerians are still suffering. The question that readily comes to mind is whether or not the […]
Read more »
Book to address African cultural experiences, soft power releasedA book set to address the stories told by scholars about African cultural experiences and soft power has been released. The electronic version was
Read more »
Kogi NPower debunks collecting money to register beneficiariesThe Kogi State office of N-Power has distanced itself from news making the rounds that they are collecting money from N-Power Batch C, stream II
Read more »
Still On Poor InfrastructureThe power sector is not left out as Nigerians continue to go through sudden blackouts and erratic power supply. In spite of the $3.2 billion released by the
Read more »
PDP Already Borrowing N1billion To Run Party Affairs Despite Not Being In Power – APC Presidential Council | Sahara Reporters
Read more »