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Transcorp reports 132% surge in pre-tax profit for 2024
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Transcorp reports 132% surge in pre-tax profit for 2024

Transnational Corporation Plc (Transcorp) has announced its financial results for the year ending December 31, 2024, posting a pre-tax profit of N136.6 billion, marking a 132.41% increase from the N58.8 billion recorded in 2023. This impressive growth was driven by a significant rise in revenue. Transcorp’s total revenue soared to N407.9 billion, a 107.07% increase […]

Transcorp reduces total shares by 75% to 10.2bn
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Transcorp reduces total shares by 75% to N10.2bn

Transnational Corporation Plc (Transcorp Group) has successfully completed a major share capital restructuring, reducing its total issued shares by 75%, from 40.6 billion to 10.2 billion. This consolidation, announced by the Group’s President, Owen Omogiafo, on Monday, aims to enhance long-term shareholder value without affecting the total worth of their investments. The share reduction was […]

Transcorp reports 132% surge in pre-tax profit for 2024
News

Transcorp cuts total shares by 75% to N10.2bn

Transnational Corporation Plc stated it successfully completed a share capital reconstruction, reducing its total issued shares by 75%, from 40.6 billion to 10.2 billion shares. This move is likely aimed at improving the company’s financial structure and potentially enhancing shareholder value. This was disclosed in a statement on Monday by the President/GCEO of Transcorp Plc, […]

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