Geregu Power Plc's Profit Surges in Nigeria Despite Rising Costs

Geregu Power Plc, Nigeria's first-listed power generation company, has seen its net profit rise significantly over the past five years, driven by a surge in revenue. The company's revenue reached N131.4 billion in the reported period, a 65% increase from the previous year.

Despite a rise in financial costs, Geregu Power's profit margin improved to N25.1 billion. The company also witnessed an increase in administrative expenses and generated positive cash flow from operating activities.

This financial performance indicates the company's strong financial health and ability to meet its obligations.