Transnational Corporation of Nigeria Plc (Transcorp) in its published First Quarter report for the period ended 31 March 2021 grew its topline and bottom line figures, compared to the corresponding quarter in the previous year.
Turnover of the company grew by 58.75% to N24.435 billion from N15.39 billion reported in the first quarter of 2020.
Profit after tax soared by 2426% to N2.041 billion from the profit after tax of N80.790 million.
Earnings per share increased to 5 kobo from the EPS less than 1 kobo. At the share price of 80 kobo, the P.E ratio of Transcorp stands at 15.93x with earnings yield of 6.28%.
We appreciate the efforts of the management to move the company forward.
I want to ask, concerning the recent investment made in shell and others. What are the benefits. I have not heard anything about the investment of about 1 billion dollars. When will it start yielding interest. Thanks.