Transcorp Plc Nets Over N40billion Earnings in One Year

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Explore west African crafts or laze by the pool at the Transcorp Hilton Abuja hotel, located in the heart of Nigeria's capital and 5 minutes' drive from government ministries. Spend evenings at one of 7 restaurants and bars or Dom Casino. De-stress in the health club or do business in one of 24 meeting rooms.
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Transcorp Plc has announced an impressive N40.75 billion as its gross earnings for the financial year 2015.

Chairman of the conglomerate, Tony Elumelu, CON, also confirmed that they made N3.32 billion as Profit Before Tax (PBT) for the year ended 2015.

Its annual financial report made available to shareholders, stakeholders and reporters during its 10th annual general meeting in Calabar showed that the Group’s total asset was N202.9 billion showing an increase of 19% compared to N171 billion in 2014.

According to him, shareholders were pleased with the results despite the very challenging operating environment in 2015.

President/Chief Executive Officer, Emmanuel Nnorom, said: “Transcorp Plc made good progress on delivering on our strategy in the period. The Group continues to improve operational and cost effectiveness as well as explore opportunities to expand our product offering.

 

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