Transcorp Hotels Plc, a leading hospitality company in Nigeria, has recently disclosed its unaudited financial results for the full year ended December 31, 2023.
The company’s performance reflects robust revenue growth and impressive net income figures compared to the previous year. Additionally, trading liquidity indicators underscore the company’s position in the market.
Financial Highlights
According to the unaudited results, Transcorp Hotels Plc recorded significant revenue growth, reaching NGN 42.7 billion for the full year 2023, compared to NGN 31.4 billion reported in the previous year.
This represents a notable increase in revenue, showcasing the company’s resilience and ability to capitalize on market opportunities.
Furthermore, the company reported a substantial rise in net income, amounting to NGN 6.1 billion for the year ended December 31, 2023, compared to NGN 2.7 billion reported in the corresponding period of the previous year. This impressive growth in net income demonstrates the effectiveness of Transcorp Hotels’ operational strategies and management efficiency.
In terms of earnings per share (EPS) from continuing operations, Transcorp Hotels Plc reported basic EPS of NGN 0.6, a significant increase from NGN 0.26 reported in the previous year. Similarly, diluted EPS from continuing operations stood at NGN 0.6, compared to NGN 0.26 reported in the previous year. These figures highlight the company’s improved profitability and shareholder value creation initiatives.
Share Trading Liquidity
As of January 2, 2024, Transcorp Hotels Plc reported a total indicative share trading liquidity of US$2.33 million (NGN 1.83 billion) over the past 12 months. This translates to an average monthly trading liquidity of US$194.41 thousand (NGN 152.49 million).
See the full report here.
