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Olugbemi. Adeyinka Ogunleye
3 weeks ago
Overview
Transcorp Hotels To Expand Portfolio Investments.
Transcorp Hotels Plc has revealed plans to expand its portfolio investments as part of efforts to boost revenue generation and efficient hospitality service in the country. Chairman, Board of Directors of Transcorp Hotels, Emmanuel Nnorom, stated this in Abuja on Thursday at the hotel’s Annual General Meeting.
Daily Trust had reported that the company’s audited results submitted to the Nigerian Exchange (NGX) in February showed that it recorded a 69% increase in revenue and 144% growth in Profit After Tax. Accordingly, revenue grew by 69% to N70.13 billion in 2024 from N41.46 billion in 2023 while Profit After Tax surged by 144% to N14.90 billion in 2024 from N6.09 billion in 2023
More: https://dailytrust.com/transcorp-hotels-to-expand-portfolio-investments/
