Transcorp Group’s revenue grew by 114% to N175.4bn in H1 2024

Transcorp News

Transcorp Group’s revenue grew by 114% to N175.4bn in H1 2024
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Nigeria's Transcorp Group's revenue grew by 114 percent to N175.4 billion in the first half of 2024 from N82.1 billion in the corresponding period of 2023. The firm disclosed this in a statement made available to DAILY POST on Friday, highlighting its H1 2024 unaudited results.

Nigeria's Transcorp Group's revenue grew by 114 percent to N175.4 billion in the first half of 2024 from N82.1 billion in the corresponding period of 2023. The firm disclosed this in a statement made available to DAILY POST on Friday, highlighting its H1 2024 unaudited results. Accordingly, the the report showed that the company's profit before tax grew by 283 percent to N70.9 billion.

'We are building to last, across key sectors in Nigeria. In power, our generating capacity and output continue to increase, the turnaround at AEDC is beginning to bear fruit and we are innovating, with our recent commitment to embed power in Abuja, bringing our vision of an integrated energy business ever closer.

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