May 30, 2024

Geregu Power Plc reports N14.46bn profit in Q1 2024

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Adebayo Obajemu

Geregu Power Plc on Tuesday published its First Quarter report for the period ended 31 March 2024.

The Company reported revenue of N50.428 billion for the 3 months period, up by 254.37% from N14.23 billion reported in Q1 2023.

Profit after tax grew year on year by 307.56% to N14.461% from N3.548 billion reported the previous year.

Earnings per share of the Company stands at N5.78.

At the share price of N1000, the P/E ratio of Geregu Power stands at 172.88x with earnings yield of 0.58%.

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