Transcorp Plc has said its operating expenses increased by 50 per cent to N21.2 billion in the first half (H1) of 2024
Transnational Corporation Plc on Monday said its operating expenses increased by 50 per cent to N21.2 billion in the first half of 2024. Transcorp disclosed this in a statement, on Monday, where it highlighted the H1 2024 report, explaining that the surge in operating expenses reflects the impact of inflation and the cost…
“Operating expenses increased by 50% to N21.2 billion in H1 2024, reflecting the impact of inflation and the cost of operations,” the statement read.“The interim dividend paid to shareholders matches what was paid for FY 2023, an affirmation of Transcorp’s commitment to rewarding its shareholders progressively, as its long-term investments yield impressive returns.”
“This milestone reflects our commitment to delivering sustainable value to its shareholders and demonstrates the strength and resilience of its diversified portfolio. The financial services industry dominated in volume terms at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited .
The financial services industry dominated in volume terms at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited .
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.
Transcorp's operating expenses increased to N21.2bn in H1 2024 over inflationTransnational Corporation (Transcorp) Plc says its operating expenses increased by 50 percen to N21.2 billion in the first half of 2024.
Read more »
UPDATED: Nigeria’s inflation rate eases first time in 19 monthsAccording to the report, the food inflation rate in July 2024 was 39.53 per cent.
Read more »
Nigeria’s inflation rate eases after fifth consecutive riseAccording to the report, the food inflation rate in July 2024 was 39.53 per cent.
Read more »
UK inflation rate rises to 2.2% — first increase in 2024The inflation rate in the United Kingdom (UK) rose to 2.2 percent in July, compared to 2.0 percent in June.
Read more »
Transcorp records N21.2bn operating expenses in H1, blames inflationTransnational Corporation (Transcorp) Plc says its operating expenses increased by 50 percen to N21.2 billion in the first half of 2024.
Read more »
US, Nigeria to release July’s inflation Wednesday, ThursdayThe United States and Nigeria will be releasing their inflation figure for July 2024 on Wednesday and Thursday, this week. Recall that the US inflation figure had declined to 3 percent in June 2024 from 3.3 percent in May 2024. This is as the US Consumer Price Index, CPI in June unexpectedly declined 0.
Read more »