TRANSCORP | Transnational Corporation Of Nigeria - Company Update : Improved capacity to drive sales growth
We expect TRANSCORP’s 9M’21 revenue traction to persist and project a revised growth of 55.1% (30.5% previously) for FY’21. Our growth expectation is premised on contained support from the energy and hospitality businesses, following weaknesses observed in the peak period of the pandemic. We also believe that the passthrough of the FY’21 performance will impact FY’22 and, hence, forecast a 7.1% top-line growth for the period. Continued expansion of the power business supported by improved gas supply and generating capacity.