Transcorp Power Plc reports N21.14bn post tax profit in Q1 2024

Transcorp Power Plc on Wednesday published its First Quarter report for the period ended 31 March 2024.

The Company reported revenue of N67.86 billion for the 3 months period, up by 222.54% from N21.04 billion reported in Q1 2023.

Profit after tax of N20.14 billion was achieved for the 3 months period, up by 665.5% from N2.63 billion reported in Q1 2023.

Earnings per share of the Company stands at N2.69.

At the share price of N377, the P/E ratio of Transcorp Power stands at 140.39x with earnings yield of 0.71%.

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