• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Company News

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

NairametricsbyNairametrics
10 years ago
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

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.

Leave a Reply Cancel reply

Your email address will not be published.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







NM newsletters
Kwakol
Abbey
IMT

Zenth Bank
UBA
Mega Millions

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Eriscofoods could face legal action for customer arrest- FCCPC
  • Study indicates Cloud computing adoption can yield N30.2 trillion for Nigeria
  • UNICEF alerts Nigeria on unprecedented diphtheria outbreak, calls for massive vaccination

Follow us on social media:

Recent News

FCCPC, Chioma Egodi, Eriscofoods

Eriscofoods could face legal action for customer arrest- FCCPC

September 27, 2023
Study indicates Cloud computing adoption can yield N30.2 trillion for Nigeria

Study indicates Cloud computing adoption can yield N30.2 trillion for Nigeria

September 27, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Contact Us
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up

© 2023 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