Transcorp Plc reports 619.54% growth in Profit After Tax for Q3 2021

Transcorp Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

• Revenue during the period was N32.33 billion. (+66.44% YoY)
• Cost of sales stood at N16.47 billion. (+44.46% YoY)
• Operating profit for the period was N11.19 billion. (+85.87% YoY)
• Net Finance Cost of N4.11 billion was recorded. (-16.55% YoY)
• Profit before tax of N7.08 billion was recorded during the period.
• Profit for the period stood at N6.96billion (+619.54%)
• Total assets during the period stood at N355.55 billion. (+17.35 Bn YtD)
• Earnings per share of 9.66 kobo Vs –0.63 kobo YoY.

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