Transnational Corporation of Nigeria PLC 2022 AR2
The report highlights Transcorp's financial and sustainability performance for the fiscal year 2022. Despite macroeconomic challenges, the Group achieved a 21% growth in gross earnings to N134.7 billion and an 8% increase in profit before tax to N30.3 billion. In its power sector, Transcorp rehabilitated a 138MW gas turbine unit that had been out of service for 15 years, contributing significantly to the national grid. The hospitality business achieved a record occupancy rate of 79% at Transcorp Hilton Abuja. On the sustainability front, the Group streamlined its ESG strategy into five key pillars, focusing on climate, diversity, community impact, wellness, and corporate governance.
Company: Transnational Corporation of Nigeria PLC
Sector: Utilities
Country: Nigeria
Year: 2022
Type: AR2
Pages: 168
Transnational Corporation of Nigeria PLC
Annual Report And Financial Statements
The report highlights Transcorp's financial and sustainability performance for the fiscal year 2022. Despite macroeconomic challenges, the Group achieved a 21% growth in gross earnings to N134.7 billion and an 8% increase in profit before tax to N30.3 billion. In its power sector, Transcorp rehabilitated a 138MW gas turbine unit that had been out of service for 15 years, contributing significantly to the national grid. The hospitality business achieved a record occupancy rate of 79% at Transcorp Hilton Abuja. On the sustainability front, the Group streamlined its ESG strategy into five key pillars, focusing on climate, diversity, community impact, wellness, and corporate governance.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees