Transcorp Plc grows profit by 21.25% to N66.42bn

Transnational Corporation (Transcorp) Plc’s has disclosed that its operating profit grew by N11.64 billion or 21.25 per cent, as it closed last year with N66.42 billion.

The year before, the firm reported N54.77 billion operating profit.

But it’s profit after tax suffered a 29.33 per cent decline in 2022, which represents N6.99 billion drop in the bottom line of the Tony Elumelu-led company.

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