Geregu Power Sets N8.651bn as Q2 Profit Target
Geregu Power Plc has estimated N8.651 billion as its profit target for the second quarter of the financial year 2025. The company is expecting revenue to print at N53.143 billion in the same period, estimating a gross profit of N20.588 billion as costs of sales amounting to N32.55 billion.
The power-generating company estimated an impairment charge of N4 billion on its financial assets, and about N2.7 billion was set for administrative expenses.
For the second quarter of the year, Geregu Power estimated that the company’s operating profit will be N13.877 billion. It also set N963 million as net finance costs for the period.
Pretax profit is expected to print at N12.914 billion, according to the company’s earnings forecast document. Net income of N8.651 billion is targeted, as the company estimated N4.262 billion as income tax expenses in Q2. # Geregu Power Sets N8.651bn as Q2 Profit Target Canada imposes retaliatory tariffs on U.S. imports
