Transcorp grows Q3 2021 profit by 671.24%

Transnational Corporation of Nigeria Plc (Transcorp)  on Wednesday published its third quarter report for the period ended 30 September 2021.

The group achieved year on year growth in its top line and bottom line figures for the period under review.

A turnover of N85.588 billion was reported for the nine months period, up by 57.39% from N54.378 billion reported the previous year.

Profit after tax grew by 671.24% to N13.647 billion from N1.746 billion reported in Q3 2020.

Earnings per share significantly grew to 33 kobo from the EPS of 4 kobo, this translates to 671.24% growth year on year.

At the share price of N1.02, the PE ratio of Transcorp stands at 3.08x with earnings yield of 32.48%.

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