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Transcorp Power Plc posts N30.23bn as profit after tax in 2023 financial year

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Transcorp Power Plc posts N30.23bn as profit after tax in 2023 financial year

Transcorp Power Plc, a recently listed company on the Nigerian Exchange has published its Audited Financial Statement for the year ended 31 December 2023.

The Power Company reported a turnover of N142.122 billion for the 12 months period, up by 57.30% from N90.349 billion reported the previous year.

Profit after tax of N30.23 billion was reported for the year under review, up by 74.93% from N17.283 billion reported in FY 2022.

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Earnings per share of the Company stands at N4.03.

At the share price of N377, the P/E ratio of Transcorp Power stands at 93.52x with earnings yield

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