Transcorp’s Results Raise Investors’ Hopes

Stakeholders in the capital have been looking up to the half year corporate results of companies with high hopes.
Based on the high hopes, the share prices of some of the equities attracted high demand from investors. While some investors had hoped that traditional interim dividend paying companies would compensate them, others believed that with improved half year results, their hopes for higher dividend at the end of the year would been rekindled. Besides, with higher financial results, investors would be able to position themselves and take position in the various companies. Although companies began reporting their half year results last week, some of the results are weaker than expected. However, few companies met the expectations of the investors with performances higher than the previous year’s. Transnational Corporation of Nigeria (Transcorp) is among those companies that have recorded significant growth in their half year results. Transcorp ended the period with growths in all performance indicators.
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