Geregu Power Shares Surge 9.49% in Relentless March to N1,000

Geregu Power Plc, shares gained 9.49% in Wednesday’s trading to close at N469.7 per share, as it continues its relentless march to the N1,000 per share round number level.

Geregu is the first electricity company to be admitted into the main board of the Nigerian Exchange Limited (NGX), and now has a market capitalisation of N1.174 trillion.

Geregu Power Plc engages in the generation and sale of electric power in Nigeria.

For the 9-months 2023 period, Geregu Power had total shareholder equity of NGN40.5B and total debt of NGN59.6B, which brings its debt-to-equity ratio to 147.3%.

Its total assets and total liabilities are NGN157.5B and NGN117.0B respectively. Geregu Power’s EBIT is NGN19.4B. It has cash and short-term investments of NGN49.3B.

Revenue was up 42.92 percent to N55.74 billion in the period under review from N39 billion the previous year.

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