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Transcorp Group profits rise 3% despite power sector revenue decline.
Transcorp Group reported a 3% increase in profit before tax to ₦50.7 billion for Q1 2026, despite a revenue decline to ₦125.1 billion due to operational challenges in the power sector.
Profit after tax rose to ₦37.9 billion, with earnings per share also increasing, driven by the hospitality segment.
CEO Owen Omogiafo highlighted the group's resilience and confidence in a positive outlook.
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Las ganancias del Grupo Transcorp aumentan un 3% a pesar de la disminución de los ingresos del sector de la energía.