• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

Ugheli Power Plant Acquisition Will Double Profits In One Year – Transcorp President

Nairametrics by Nairametrics
November 4, 2013
in Company News
Share on FacebookShare on TwitterShare on Linkedin

Transcorp recently released its 2013 results showing Revenue: Third Quarter September 2013 Group N11781m Company N1694m Full Year 2012 Group N13245m Company N2326m. Profit After Tax: Third Quarter September 2013 Group N3581m Company N1671m Full Year 2012 Group N2528m Company N2539m. The President of the Conglomerate, Mr. Obinna Ufudo was interviewed at ABN Digital today where he defended their results and the successes of their 5 year Turn Around Plan for the company which is in its second year.

During the interview Mr Ufudo was asked a range of questions regarding their results and the outlook for the company. Here are the key responses

  • “Our revenue for last year was N13billion, In terms of revenue “we expect that next year with the addition of the power plant we will do much more than twice that number in terms of revenues”.
  • As per profits “Profits will double in the very least”
  • We will always double revenues and profits and will do this by adding new assets to out portfolio
  • They plan to invest in new hospitality business and open new hotels  in Ikoyi, Lagos and the country in general
  • New Investments in Food Processing
  • Juice concentrate plants in Kogi State has obtained Iso 9000 and and they can now produce
  • Fix turbines within three years to increase generation from 300 to 1000 and increase to 1,700

Thats a lot of promises and one hopes these are achievable

RelatedStories

Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  

SEC approves HH Capital mandatory tender offer for Transcorp shares  

December 25, 2024
Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  

Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  

October 29, 2024

See video here for full interview

 

Tags: News ReviewRESULTSTranscorp plc
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  
Equities

SEC approves HH Capital mandatory tender offer for Transcorp shares  

December 25, 2024
Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  
Company Results

Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  

October 29, 2024
Transcorp Annual General Meeting, Transcorp financial result, Transcorp Hotel
Company Results

Transcorp Plc reports strong first half 2024 results; stock appears undervalued 

August 22, 2024
Transcorp Vs. UAC Nigeria
Blurb

Transcorp Vs. UAC Nigeria – Who navigated better in 2023?

June 14, 2024
Greener Tomorrow: Transcorp champions environmental project promoting waste management and recycling in local schools
Company News

Equity reconstruction: Transcorp proposes 1 for 4 share ratio to shareholders

May 4, 2024
Transcorp Power
Company News

Transcorp posts 93.5% profit growth in 2023, signals of improved financial stability  

April 3, 2024
Next Post

Globacom Slashes BIS From N2,800 For 3GB Of Data To N1,000 For 3GB Of Data

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

arco
Palmpay
access bank
nairametrics
first bank








DUNS

Recent News

  • Seplat Energy ties Africa’s prosperity to Domestic Gas Development 
  • Presco launches academy, training Africa’s next agriculture business leaders 
  • FCCPC approves sale of Chivita|Hollandia (CHI Limited) to UAC of Nigeria PLC 

Follow us on social media:

Recent News

Seplat Energy ties Africa’s prosperity to Domestic Gas Development 

Seplat Energy ties Africa’s prosperity to Domestic Gas Development 

October 6, 2025
Presco launches academy, training Africa’s next agriculture business leaders 

Presco launches academy, training Africa’s next agriculture business leaders 

October 6, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics