Transnational Corporation of Nigeria Plc (Transcorp) has declared a final dividend of 60 kobo to shareholders for the year ended 31 December 2024.
The Group reported revenue of N407.92 billion for the 12 months period, up by 107% from N196.99 billion reported the previous year.
Profit after tax grew year on year by 188.30% to N94.1 billion from N32.6 billion reported the previous year.
Earnings per share of the Group stands at N1.45
At the share price of N46.9, the P/E ratio of TRANSCORP stands at 32.34x with earnings yield of 3.09%.
Qualification date for the proposed dividend is on Thursday, March 27, 2025.
The Register of Shareholders will be closed on Friday, March 28, 2025, to Thursday April 3, 2025 (both days inclusive).
On Wednesday, April 16 2025, dividends will be paid electronically to shareholders.
Commenting on the results, Dr. (Mrs) Owen D. Omogiafo, OON, President/Group Chief Executive Officer of Transcorp stated thus
“Our 2024 financial performance reflects the sustainable value creation strategy of Transcorp Group. We have been able to consistently record impressive growth across all indices year on year, despite the challenging macroeconomic environment. In the sectors we operate, we have delivered consistent growth by leveraging operational efficiency, strategic investments, and an uncompromising focus on value creation for our shareholders. Looking ahead, we will deepen our growth trajectory by seizing emerging opportunities, and strengthen our position across Nigeria’s power, hospitality, and energy sectors even as we consider more sectors that take us closer to our purpose of improving lives and transforming Africa.”