Geregu Power Plc recorded a pre-tax profit of N30.2 billion in the first half of 2024, representing a 145% year-on-year increase from the N12.3 billion posted in the same period in 2023.

The company’s pre-tax profit during the period under review also rose by 24% greater than the entire N24.4 billion pre-tax profit recorded throughout 2023.

According to the company’s unaudited interim statement for the half year 2024, it recorded a revenue of N80.7 billion, marking a 133% year-on-year growth from the N34.7 billion posted in the same period in 2023.