Geregu Power’s half-year profit up 148% on back of increased energy sales

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Geregu Power’s half-year profit up 148% on back of increased energy sales
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Revenue for the period under review climbed to N80.7 billion, up by 32.5 per cent, according to its unaudited earnings report issued Friday.

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“The establishment of a combined cycle operations to generate an additional 200mw,” is also being planned, Geregu Power said in a May statement. It has also outpaced NGX 30, the index that tracks the thirty most capitalised and most liquid equities on the bourse, which has improved by more than 27 per cent.

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