Goddy Egene
The President/CEO of Transnational Corporation of Nigeria (Transcorp) Plc Mr. Valentine Ozigbo, yesterday projected improved performance for the conglomerate in the remaining quarters of 2019, in spite of the inclement operating environment.
Transcorp Plc recorded a decline in its half year revenue and profit before tax to N37.762 billion and N5.05 billion respectively, due to gas and transmission challenges faced by the power business, which are being addressed by the management.
But speaking at Transcorp Plc’s half year Analysts Parley for financial analysts and investors, which was attended by chief executive officers (CEOs) of its subsidiaries and other senior management staff of the company, Ozigbo presented the financial results for the half year ended 30 June 2019.
“Our half year results were affected by severe gas shortages as well as transmission and other technical challenges in our power business,…
Source: Thisday Newspaper
