Transcorp Grows Six Months Profit by 72%

by Research 20. July 2012 12:05

The prospects of shareholders of Transnational Corporation of Nigeria (Transcorp) receiving dividends for the first time have brightened, following an improved financial performance for the six months ended June 30, 2012.

The company reported a profit before tax of N1.052 billion in 2012, up by 54 per cent from N684 million. Similarly, profit after tax rose by 72 per cent from N547 million to N940 million in 2011.

In his comment on the result, the Chief Executive Officer of Transcorp Plc, Mr. Obinna Ufudo said, “We are quite pleased with our half year results which have surpassed the performance of 2011 by N162 million. We are certain that Transcorp is on the right path and will realise the performance targets set at the beginning of the year”.

According to him, the performance has confirmed the company is on sound footing. “We are confident that the steps taken so far in each of our business areas will further accelerate our growth. We have an enviable pipeline of deals, opportunities and projects, and are well positioned to take advantage of them and ensure that Transcorp delivers even stronger results for the remaining half of this year,” he said.

Similarly, Oando Plc reported its half year result, showing a turnover of N351 billion in 2012, as against N268 billion in 2011. Profit after tax stood at N6.6 billion; compared with N6.8 billion in 2011.

Meanwhile, investors traded 411.974 million shares worth N3.175 billion in 4,694 deals yesterday as against 414.109 million shares valued at N3.075 billion exchanged in 5,375 deals the previous day.

However, the market closed on negative note after six days of a bull run. The Nigerian Stock Exchange (NSE) All-Share Index fell by 0.77 per cent to close at 23,098.21

source: thisday live

Tags:

News

Comments

23/04/2014 06:44:10 #

vinyl siding

Somebody necessarily lend a hand to make severely posts I'd state. That is the very first time I frequented your web page and thus far? I amazed with the research you made to make this actual put up amazing. Wonderful process!

vinyl siding United States

23/04/2014 07:00:04 #

2014 trending topics

As soon as I  noticed this  web site  I went on reddit to share some of the love with them.

2014 trending topics United States

23/04/2014 07:03:34 #

konverserende tone

Thanks for sharing superb information. Your web-site is so cool. I am impressed by the info that you have on this blog. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for more articles.

konverserende tone United States

23/04/2014 07:04:56 #

Dewayne Spurbeck

Check out this link:  http://www.blogtalkradio.com/whatis.aspx. . Blogtalkradio.com is one of the big internet radio sites.  That will tell you all you need to know and how to setup.

Dewayne Spurbeck United States

23/04/2014 07:19:36 #

Lisa Freiberger

My dad told me there was a new Chucky movie, guess I'll know what I'll be doing Friday? night YES CHUCKY'S BACKKKK

Lisa Freiberger United States

23/04/2014 07:20:26 #

siding Warren

You could definitely see your expertise in the work you write. The world hopes for even more passionate writers like you who are not afraid to say how they believe. Always follow your heart.

siding Warren United States

23/04/2014 07:26:16 #

Valium

Are these real numbers,  cause i need some codeine?

Valium United States

23/04/2014 07:43:39 #

Writers Centre Norwich

Very good blog you have here but I was wondering if you knew of any community forums that cover the same topics talked about in this article?I’d really love to be a part of online community where I can get feed-back from other experienced people that share the same interest. If you have any suggestions, please let me know. Appreciate it!

Writers Centre Norwich United States

23/04/2014 07:50:46 #

viagra

I will create a blog sites , which sites by english have it servece?

viagra United States

23/04/2014 08:00:15 #

Viagra

Where is the best place to take a vacation at?

Viagra United States

23/04/2014 08:03:48 #

hydrocodone

I heard bloglovin, tumblr,blogspot is great for fashion blogs. Let me know if there are others. Thank you [:.

hydrocodone United States

23/04/2014 08:18:17 #

 Discount Viagra

I was thinking of starting a blog. I need some suggestions on good sites and how to start one up. Are cooking blogs popular?.

Discount Viagra United States

23/04/2014 08:34:09 #

poker championship

It is perfect time to make some plans for the long run and it's time to be happy. I have read this submit and if I may I want to counsel you some fascinating issues or tips. Perhaps you can write next articles relating to this article. I wish to learn more issues approximately it!

poker championship United States

23/04/2014 09:02:41 #

windows Troy

I will right away snatch your rss feed as I can not find your e-mail subscription hyperlink or e-newsletter service. Do you've any? Kindly let me realize in order that I could subscribe. Thanks.

windows Troy United States

23/04/2014 09:03:22 #

science degree jobs

Awesome read. I just passed this onto a friend who was doing some research on that. He actually bought me lunch because I found it for him!  Therefore let me rephrase: Thanks for lunch!

science degree jobs United States

23/04/2014 09:04:11 #

Valium

I've never heard of Blogilates, but I've been through Insanity a few times...as long as you're eating enough to fuel your body for all that activity, then go for it...I know some people do pair Insanity with some other workout (usually a weight lifting workout)...

Valium United States

23/04/2014 09:27:47 #

viagra

Not really sure how to taper off. Ask your MD. But may I suggest Valerian to help you sleep. It's a herb and I got it at Whole Foods.

viagra United States

23/04/2014 09:34:40 #

xanax

Mobile? blogger blogging works on HTC. @oevae

xanax United States

23/04/2014 09:39:56 #

viagra

what is the best way to track what people are blogging about politically?

viagra United States

Add comment


(Will show your Gravatar icon)

  Country flag

biuquote
  • Comment
  • Preview
Loading



Powered by BlogEngine.NET 1.6.0.0
Theme by Mads Kristensen

TextBox

Calendar

<<  April 2014  >>
MoTuWeThFrSaSu
31123456
78910111213
14151617181920
21222324252627
2829301234
567891011

View posts in large calendar