Transnational Corporation of Nigeria Plc (Transcorp) released its financial results for the period ended 30th September 2018 on Tuesday, 23rd of October, 2018.
Revenue for the company grew from ₦56.76 billion in 2017 to ₦79.86 billion. This represents a 40.71% increase year on year.
Profit Before Tax grew by 95.94% to close at N17.7 billion from ₦9 billion in the third quarter of 2017.
Profit after tax also increased by 95.02%, closing at N15.96 billion from the previous close of N8.2 billion in the corresponding period in 2017
The earnings per share for the period under review is N0.39, advancing by 95.02% from the previous EPS of N0.2 in the third quarter of 2017.
With the reference price of N1.37, the P.E ratio of Transcorp is 3.51x with the earnings yield of 28.47%