Transcorp affirms commitment to expansion after Q1 profit rise
Nigeria, May 4 -- Transnational Corporation of Nigeria (Transcorp) Plc has said it will continue to pursue expansion in accordance with its mission to improve lives and transform Nigeria.
The conglomerate noted in a press release seen by PREMIUM TIMES that shareholders expressed confidence in its board and leadership at its recently held 15th annual general meeting, which followed a jump of 2,427 per cent in the first quarter profit.
Transcorp acquired two state-owned power assets - Afam Power Plant Plc and Afam III Fast Power Limited - for N105.3billion, bringing its installed capacity to 2,000 megawatts.
".delivering the $300m Afam acquisitions in the middle of the pandemic, illustrated our unwavering commitment to the Group's succes...
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