Geregu Power Plc doubles profits in first 9 months of 2024 amid share price surge.
Geregu Power Plc, Nigeria’s first listed power generation company, has released its 2024 nine-month results, showing that pre-tax profits doubled to N36.2 billion.
This compares to the N18.1 billion in pre-tax profits reported in the corresponding period of 2023.
When annualized, Geregu Power’s pre-tax profits are around N32.1 billion, suggesting the company’s profit before tax is growing at a compounded annual growth rate (CAGR) of 23%.
In addition to strong earnings growth, Geregu Power’s share price has surged by an impressive 188% year-to-date, reflecting positive investor sentiment and confidence in the company’s growth potential.
FLY Cable News is a registered company with the Corporate Affairs Commission, dedicated to providing genuine, reliable breaking and latest news across Nigeria.Our reports cover a wide range of topics across Nigeria, including Politics, Business, Education, Sports, Foreign News and Entertainment.Share your story or I Witness Reports 24/7
Whatsapp: +234(0)9082036352.
Email: info@flycablenews.com
Social media platforms: @FlyCNews
Website: http://www.flycablenews.com.ngDonate to assist Fly Cable NewsWe require your assistance to consistently deliver high-quality and impartial news reports. Your support enables us to continue providing quality journalism accessible to audiences worldwide. Every contribution, no matter how large or small, is invaluable to our mission and our readers.
Account Number:2036242366
Account Name: Fly Cable News
Bank: First Bank of Nigeria
