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Business

Transcorp declares ₦20.3bn dividend to shareholders

Transnational Corporation Plc, Transcorp Group, has declared a total dividend of N20.3 billion, representing N2 per share to its shareholders, at its 20th Annual General Meeting, held at the Transcorp Centre Abuja. The total dividend comprises an interim dividend payment of N4.06 billion, representing 40 kobo per share, paid in August 2025, together with a […]

Business

Transcorp announces Q1 profit of ₦50.7bn despite revenue dip

Africa’s leading listed conglomerate, Transnational Corporation Plc, has announced its unaudited Q1 2026 financial results, delivering resilient profitability, strong balance sheet growth, and improved earnings to shareholders despite a moderated revenue profile. Financial Highlights: Revenue: ₦125.1 billion (Q1 2025: ₦143.7 billion). Profit Before Tax: ₦50.7 billion (Q1 2025: ₦49.4 billion). Profit After Tax: ₦37.9 billion […]

Business

Transcorp Power revenue surges 30% to ₦398.27bn in 2025

Transcorp Power Plc, a power generation subsidiary of Transnational Corporation Plc (Transcorp Group), announced a 30 per cent rise in revenue for the financial year ended December 31, 2025, driven by an increase in generation capacity to 550MW. The company’s strong performance was primarily supported by enhanced generation capacity, following the return of gas turbine […]

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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