Tag: Transcorp

Transcorp Hotels Delivers Impressive Q3 Financial Performance, Records 62% Profit Growth

Ayo Olowo

Transcorp Hotels PLC, the hospitality subsidiary of Transcorp Group has announced its financial performance for the third quarter of 2023, showing a strong year-on-year growth on all indices. The leading hospitality brand sustained strong growth, recording 31.76% growth in revenue to N29.9bn from N22.7bn the previous year, and significantly higher than pre-covid performance. Profit also grew by 62% to N5.5bn from from N3.4bn. […]

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2023 Q1 Results: Transcorp Group Records Revenue, Gross Earnings Growth

Ayo Olowo

Transnational Corporation Plc (NGX: TRANSCORP), Nigeria’s largest diversified conglomerate, with investments in Power,Hospitality, and Oil & Gas, held its Investors and Analysts Conference Call on Thursday, April 20, 2023. The call discussed Transcorp’s Full Year 2022 and Q1 2023 financial results and provided an outlook for the rest of the year. Joseph Adegunwa, the Group’s […]

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HALF YEAR 2022: TRANSCORP GROUP DELIVERS SUSTAINABLE GROWTH AS PBT HITS N13.36BN

Ayo Olowo

Transnational Corporation Plc (Transcorp Group), Nigeria’s leading conglomerates with investments in Hospitality, Power, and Oil & Gas sectors, has released its half-year results for the year ended June 30th, 2022, showing an improved performance across all its major investment lines.  The conglomerate with strategic investments in Power, Hospitality and Oil & Gas recorded a revenue […]

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2021 Result: Transcorp Group delivers outstanding performance as PBT hits N27.9bn, PAT grows by 530%

Ayo Olowo

Group secures consistent gas supply channels and increased generation capacity Hotel Business on Track as hospitality sector fully recovered from Covid 19 impact Transnational Corporation of Nigeria (Transcorp) Plc, Nigeria’s largest, leading listed conglomerate with investments in Hospitality, Power, and Oil and Gas sectors, has reported significant performance, across all its major investment lines, for […]

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Transcorp Hilton Abuja wins Traveller Review Award 2022

Ayo Olowo

Transcorp Hilton Abuja, the flagship hotel of leading hospitality brand Transcorp Hotels Plc., has won Booking.com’s Traveller Review Award 2022. This award celebrates businesses that consistently exceeded travellers’ expectations, having earned great traveller reviews.  “We are honoured to receive this award which highlights Transcorp Hilton Abuja as consistently delivering quality experiences while navigating changing guest […]

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Transcorp Delivers Robust Q3 Results, Record 671% PBT Growth

Ayo Olowo

Nigeria’s leading and largest listed diversified conglomerate, Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the third quarter ended September 30, 2021, indicating sustained growth in 2021 as seen in the first two quarters of year. With strategic investments in the Power, Hospitality, and Energy sectors, the conglomerate recorded a profit after tax of N13.5bn, rising by 671% up from N1.75bn recorded in the previous year. Other […]

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Transcorp Energy Presents Alternative Energy Solution to Nigeria

Ayo Olowo

Transcorp Energy Limited, a subsidiary of Transnational Corporation of Nigeria Plc, one of Nigeria’s leading power producers, announced an alternative energy solution to Nigeria, as part of its broader integrated energy strategy. Unveiling Transcorp’s alternative energy plan at a meeting with the Honourable Minister of Science & Technology, Dr. Ogbonnaya Onu, Peter Ikenga, the Head of Transcorp’s Energy […]

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Transcorp Hotels shareholders authorize board to raise N10bn through Rights Issue

Ayo Olowo

Lagos, Nigeria – 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 in its proposed Rights Issue to fortify its balance sheet.  The approval given at the Extraordinary General Meeting of the Company, which took place on Monday, […]

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

Ayo Olowo

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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