Transcorp Hotels Archives

2023 FY: Transcorp Hotels Plc Delivers Strong Performance As Revenue Rises To N41.5 Billion

April 2, 2024 0

Transcorp Hotels Plc (“Transcorp Hotels” or the “Company”), the listed hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”) has released its audited 2023 full-year results, showing outstanding performance and setting new revenue and profit records.

Transcorp Hotels Appoints Osakwe As Non-Executive Director

February 19, 2023 0

Leading hospitality brand Transcorp Hotels Plc, has announced the appointment of Udechukwu Obi Osakwe as non-executive director, effective February 17, 2023, subject to the approval of shareholders.

Transcorp Hotels’ Increases Revenue To N22bn

April 5, 2022 0

Shareholders of Transcorp Hotels Plc have approved the payment of N717 million as dividends to shareholders of the company at its 8th annual general meeting held in Abuja yesterday.

Transcorp Hotels Plc Revenue Grows By 114% To End A Record-Breaking Year At N21.74bn

March 1, 2022 0

Transcorp Hotels Plc has announced its Audited Financial Statements for the full year ended December 31, 2021. The results published on the Nigerian Group Exchange showed a 114% growth in Revenue to N21.74bn from N10.16bn as of December 2020, while Gross Profit rose by 143 % to N16.23bn from N6.67bn.  

Transcorp Hotels Records Impressive Turnaround In Q3 2021, With A 662% Growth In Profit

November 3, 2021 0

Transcorp Hotel has announced its unaudited Q3 results showing 115 percent growth in revenue year-on-year (YoY) to N14.6 billion and a gross profit growth of 149 percent to N10.8 billion, leading to a profit before tax of N745 million a 662% improvement on performance recorded at the same period in 2020.

Convid-19 Pandemic: Trancorp Hotels Thrived On Critical, Fundamental Decision To Keep Operations — MD/CEO

May 5, 2021 0

The Managing Director (MD)/Chief Executive Officer (CEO), Transcorp Hotels Plc, Mrs. Dupe Olusola, has said that, the organisation took some critical and fundamental decision to remain resilient during the Covid-19 pandemic and this has kept its hospitality businesses thriving.

Transcorp Fulfills Privatisation Conditions, Receives Discharge Certificate

October 15, 2019 0

Transcorp Hotels have been presented a certificate of discharge by the National Council on Privatisation after fulfilling all the conditions attached to the sale of the hotel.

Transcorp Hotels Plc Retains Positive A- (NG) GCR Rating

September 27, 2019 0

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owner of the iconic Transcorp Hilton Abuja and Transcorp Hotels Calabar, has retained its national scale ratings at A-(NG) and A2(NG) in the long term and short term respectively, with the outlook accorded as Stable.