Transnational Corporation Plc (Transcorp Group) announced a remarkable 1,475 percent growth in Profit Before Tax (PBT) for the first quarter ended March 31, 2024, reaching N45.7 billion compared to N2.9 billion in the same period in 2023.
The company also reported a 173 percent year-on-year growth in revenue, totaling N88.6 billion in Q1’24. The impressive performance coincides with the recognition of the Group’s President/GCEO, Dr. Owen D. Omogiafo, as one of the most influential people of African descent (MIPAD)’s Global Top 100 Futurist & Innovators List.
Transcorp attributes its continuous growth and success to Omogiafo’s visionary leadership, noting her commitment to innovation, sustainability, and social responsibility. The company’s subsidiaries, including Transcorp Power, Transafam Power, and Transcorp Hotels Plc, have all experienced significant growth and profitability under Omogiafo’s leadership, despite the challenges posed by the COVID-19 pandemic.
Transcorp Group’s shares have been among the best-performing stocks, further highlighting the positive trajectory under Omogiafo’s transformational leadership.
Source: Vanguard