Tag: Transcorp Hotels
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Transcorp Hotels delivers record performance, revenue up by 47%
Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group has reported a profit before tax (PBT) of N4.5 billion, representing a 172 percent rise year-on-year, compared to a Profit Before Tax of N1.7 billion in 2021. The Company also reported a 47 percent growth in revenue to N31.4 billion in 2022.
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Transcorp appoints Osakwe as Non-Executive Director
Udechukwu Obi Osakwe has been appointed a non-executive director of the leading hospitality brand Transcorp Hotels Plc, effective February 17, 2023, subject to the approval of shareholders.
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Transcorp Hotels hard hit by COVID-19, to restructure business, reduce staff strength by 40%
The management of Transcorp Hotels, operators of the popular Transcorp Hilton Abuja, has said in order to meet its business obligations, about 40 per cent of the company employees will have to go. The Managing Director of the hospitality firm, Mrs Dupe Olusola, told newsmen on Thursday that its operations have been badly affected by…
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Shareholders approve Transcorp Hotels N10bn Rights Issue
Shareholders of Transcorp Hotels Plc, owners of the iconic Transcorp Hilton Abuja and Transcorp Hotels Calabar, have unanimously authorised the board of directors to raise N10 billion through a rights issue for a fortified balance sheet. The company announced that the approval was given at the Extraordinary General Meeting of the company, which took place…
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Transcorp Hotels Fulfils Post-Privatisation Obligations
The National Council on Privatisation (NCP) at its meeting today, presented Transcorp Hotels Plc with a Certificate of Discharge, indicating the company has fulfilled all privatisation conditions attached to the sale of the hotel and will no longer be subject to any post-privatisation monitoring. At a ceremony that took place at the Presidential Villa, the…
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Transcorp Hotels Plc Retains Positive A- (NG) GCR Rating
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. Concurrently, the national scale ratings accorded…
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Shareholders laud Transcorp Hotels Plc for Impressive performance, approve 15k per share as dividend
The Shareholders of Africa’s leading hospitality brand, Transcorp Hotels Plc, have extolled the Company for its impressive financial results for the year ended December 31, 2018. The congratulatory remarks were made at the Company’s 5th Annual General Meeting, which took place at the Congress Hall of the iconic Transcorp Hilton, Abuja. Following the company’s 26%…