Business

Geregu Power reports 42% rise in revenues, pre-tax profits also surge 25% to N17.4 billion

Geregu Power, Nigeria’s leading electricity generation company, has announced an impressive 42% increase in revenue during the first nine months of 2023, despite the challenging economic conditions.


Based on the data found in the company’s 9-month interim financial report, their revenue reached N55.7 billion, a significant rise from the N39 billion recorded in the same period last year.


Additionally, Geregu Power reported a pre-tax profit of N17.4 billion, marking a substantial growth of 25.3% compared to the N13.9 billion reported in the corresponding quarter of 2022.