Transnational Corp of Nigeria PLC 2017 Annual Report with Sustainability Disclosures
The report outlines the financial and operational performance of Transnational Corporation of Nigeria Plc (Transcorp) for the fiscal year 2017. During the year, the company achieved a 35% increase in gross earnings to N80.3 billion, driven by significant growth in power generation at the Ughelli Power Plant, which increased its available capacity to 701MW. In the hospitality sector, Transcorp Hilton Abuja continued its multi-million dollar upgrade while maintaining its market leadership and winning multiple international awards. The company also advanced its oil and gas interests in OPL 281 and decided to divest from its agribusiness subsidiary, Teragro Commodities Limited. Additionally, Transcorp demonstrated its commitment to sustainability through community investments, youth empowerment, and environmental initiatives like the 'Soap for Hope' project.
Company: Transnational Corp of Nigeria PLC
Sector: Energy utilities
Country: Nigeria
Year: 2017
Type: Annual Report with Sustainability Disclosures
Pages: 120
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Transnational Corp of Nigeria PLC
Annual Report And Financial Statements
The report outlines the financial and operational performance of Transnational Corporation of Nigeria Plc (Transcorp) for the fiscal year 2017. During the year, the company achieved a 35% increase in gross earnings to N80.3 billion, driven by significant growth in power generation at the Ughelli Power Plant, which increased its available capacity to 701MW. In the hospitality sector, Transcorp Hilton Abuja continued its multi-million dollar upgrade while maintaining its market leadership and winning multiple international awards. The company also advanced its oil and gas interests in OPL 281 and decided to divest from its agribusiness subsidiary, Teragro Commodities Limited. Additionally, Transcorp demonstrated its commitment to sustainability through community investments, youth empowerment, and environmental initiatives like the 'Soap for Hope' project.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees