Transcorp Power H1 Pre-Tax Profit Dips 6.37 Percent to N54.99 Billion

Transcorp Power has reported a 6.37 percent decline in first-half pre-tax profit to N54.99 billion, reflecting ongoing headwinds in Nigeria's power sector, while still declaring a N1.50 dividend. The result signals continued financial pressure on power generation operators in Africa's largest economy.