The board chairman of one of Nigerias leading listed conglomerate, Transnational Corporation Plc, Mr. Tony Elumelu on Friday struck an upbeat note as the company reported its Half-Year (H1) 2024 unaudited results, showing revenue growth from N82.1 billion in 2023 to N175.4 billion in 2024, a 114% increase, and profit before tax rise of 283% to N70.9 billion.
The Group in a statement obtained by Vanguard also declared an interim dividend of 10k per share, matching the amount declared for full-year 2023.
This interim dividend declaration is an affirmation of Transcorps commitment to rewarding its shareholders progressively, as its long-term investments yield impressive returns, the company added.
The Group said total assets grew by 18%, from N529.9 billion in December 2023 to N625.1 billion in H1 2024 while shareholders Funds increased by 25% from N187.3 billion in December 2023 to N234.4 billion at the end of H1 2024 due to profit accreting to retained earnings.
