The Nation Newspaper Transcorp Power declares N23.5b dividends
Transcorp Power Plc will be distributing about N23.5 billion to shareholders as cash dividends in the first audited report after the listing of the power generation company.
Profit before tax grew by 84.61 per cent to N52.8 billion, from N28.6 billion reported in the previous year. Earnings per share stood at N92.25 in 2023. He pointed out that with earnings per share standing at N92.25, Transcorp Power has continued to deliver significant returns to its investors, reaffirming its position as a leading player in the power sector.He noted that since it was listed on the main board of the Nigerian Exchange on March 4, 2024, the company has continued to enjoy impressive market confidence.
Ikenga assured that Transcorp Power is committed to creating value, driving economic growth and ensuring social good, through access to plentiful and robust electricity supply.
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