Transnational Corporation Plc (Transcorp) reported a 189.7 per cent rise in net profit for last year, according to its recently released audited earnings report, amid a sharp boost to electric energy and capacity income, its principal revenue source.
Electric energy and capacity income more than doubled to N337.8 billion, helping revenue grow 107.1 per cent to N407.9billion.
The conglomerate, whose business segments span hospitality, energy and power, saw cost of sales soar by 141.6…
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