BUSINESS

Transcorp Grows Profit From N1.746m To N13.5b In Nine Months

Transnational Corporation of Nigeria Plc, a diversified conglomerate with interests in the power, hospitality, agriculture, and oil and gas sectors, headquartered in Lagos  has released its Unaudited Condensed Consolidated Financial Statements for the period ended 30 September 2021 with 761% jump in Profit for the period to N13.467 billion from N1.746 billion in nine months 2020

Profit  for the third quarter rose by  619.54% to N 6.965 billion from N967,919 million in Q3 2020.

Revenue  for the nine months rose to N85.588 billion from N54.378 billion in 2020. Revenue figure for the three months stood at N32.327 billion from N19.422 billion in Q3 2020.

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