Transnational Corporation of Nigeria Plc (Transcorp) has released its financial results for the period ended 30th September 2018.
Here are the key highlights of the results:
Revenue for the company increased from ₦57 billion in 2017 to ₦80 billion. This represents a 40.7% increase year on year.
Profit Before Tax
Profit Before Tax increased from ₦9 billion in 2017 to ₦18 billion. This represents a 95.9% increase year on year.
Profit After Tax
Profit after tax also increased from ₦8 billion in 2017 to ₦16 billion. This represents a 95% increase year on year.
Earnings Per Share
The earnings per share also increased from ₦8.06 in 2017 to ₦17.37 in 2018. This represents a 46.4% increase year on year.
Current Share Price
Transcorp Plc is currently trading at ₦1.35 in today’s trading session on the floor of the Nigerian Stock Exchange.