• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, June 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Transcorp Shareholders, Subsidiaries Receive N16.339bn Interim Dividend

by Leadership News
10 months ago
in Business
Transcorp Power Plc
Share on WhatsAppShare on FacebookShare on XTelegram

Shareholders of Transnational Corporation (Transcorp) Plc, along with its listed subsidiaries, Transcorp Hotels Plc and Transcorp Power Plc received N16.339 billion interim dividends.

Advertisement

These Companies for the first time in their history paid shareholders an interim dividend. This milestone reflects Transcorp Group’s commitment to delivering sustainable value to its shareholders and demonstrates the strength and resilience of its diversified portfolio.

Transcorp paid N4.065 billion or 10 kobo per share interim dividend, Transcorp Power’s shareholders received N11.250 billion or N1.50 per share, while Transcorp Hotels paid N1.024 billion or 10 kobo per share interim dividend.

Highlights of Transcorp H1 2024 results showed that revenue increased by 114 per cent to N175.4 billion, compared to N82.1 billion in H1 2023. Profit before tax rose by 283 per cent to N70.9 billion in 2024 compared to N18.5 billion in the same period last year. Total Assets grew by 18 per cent from N529.9 billion in December 2023 to N625.1 billion in H1 2024, while shareholders’ funds increased by 25 per cent from N187.3 billion in December 2023 to N234.4 billion at the end of H1 2024.

For Transcorp Hotels, H1 2024 revenue hit N29.7 billion, up 61 per cent, in comparison with N18.5 billion reported in H1 2023. Profit before tax rose by 192 per cent to N10.5 billion in 2024, compared to N3.6 billion during the same period last year, while profit after tax grew by 157 per cent year-on-year to N6.6 billion in H1, compared to N2.6 billion during the same period last year.  Occupancy grew to 81 per cent in H1 2024, up from 77 per cent in H1 2023.

RELATED

BetKing Promotes Social Impact At NSF

BetKing Promotes Social Impact At NSF

1 hour ago
Truck Drivers Responsible For Traffic On Port Access Road – TTP

Truckers Commend NPA, Rallies Support For e-Call Up

2 hours ago

Meanwhile, Transcorp Power’s revenue grew to N135.4 billion in H1 2024, a growth of 142 per cent from N55.9 billion in H1 2023. Net finance cost fell by 37 per cent to N1.3 billion, a reduction from N2.1 billion in H1 2023.

Profit before tax recorded a growth of 214 per cent to N50.9 billion compared to N16.2 billion in the previous year. Total assets grew by 45 per cent to N322.9 billion as of June 30, 2024, up from N223.3 billion at the beginning of the year, driven by robust operational performance.

Shareholders’ funds increased by 64 per cent to N94.6 billion as of June 30, 2024, up from N57.8 billion as of December 31, 2023, boosted by retained earnings.

Speaking on the Group H1 results, group chairman, Transcorp Group, Tony Elumelu said that, “Transcorp exemplifies delivering a vision, executing through operational excellence and consistently creating the transformative impact that we are renowned for. We are building to last, across key sectors in Nigeria.”

 

President/group chief executive officer of Transcorp Group, Owen Omogiafo attributed the Group’s remarkable growth to its commitment to operational excellence, strategic management of its portfolio, and innovation, saying that “Transcorp Group and its subsidiaries remain firmly committed to delivering exceptional and long-term value to our stakeholders.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Transcorp Power
SendShareTweetShare
Previous Post

Pinnacle Oil & Gas Denies Association With Maltese Firm

Next Post

World Bank Lauds Gombe As Model Of Devt Success

Leadership News

Leadership News

You May Like

BetKing Promotes Social Impact At NSF
Business

BetKing Promotes Social Impact At NSF

2025/06/06
Truck Drivers Responsible For Traffic On Port Access Road – TTP
Business

Truckers Commend NPA, Rallies Support For e-Call Up

2025/06/06
Airtel Expands Digital Ecosystem With In-App Shopping Platform
Business

Airtel Expands Digital Ecosystem With In-App Shopping Platform

2025/06/06
NES Demands Stakeholder Collaboration To Curb Plastic Pollution
Business

NES Demands Stakeholder Collaboration To Curb Plastic Pollution

2025/06/06
AFN Board Members Write Minister, Lament Crisis Under Okowa’s Leadership
Business

FG Reaffirms Global Leadership In Entrepreneurship At 2025 GEC

2025/06/06
CSOs Hail Komolafe’s ‘Giant Strides’ As NUPRC Boss
Business

2024 Bid Rounds Violated No Oil Licencing Guidelines – Komolafe

2025/06/06
Leadership Conference advertisement

LATEST

Rivers Hoopers Guard, Amayo, Optimistic Ahead Of US Monastir Clash

Venice Biennale Announces 2026 Theme ‘In Minor Keys’

KUDOIKU Anthology Calls For Poetry Submissions

Sallah: COAS Calls For Sustained Courage, Sacrifice In Defence Of Nation

Europe Will Never Leave Africa, We Must Negotiate To Our Benefit– Prof Akanbi

Ex-Govs Forum Greets Muslims, Nigerians On Eid-el-Kabir Celebration

Kaduna BRT Project To Decongest Traffic – State Govt

PANDEF Calls For Positioning Of South-South On Global Stage

Olawepo-Hashim Canvasses Stronger Regulations On Plastic Waste

BetKing Promotes Social Impact At NSF

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.