The hospitality division of Transnational Corporation Plc, Transcorp Hotels Plc, has released its audited full-year results for 2023, recording unprecedented revenue of N41.5 billion.
The rise as indicated in the report, demonstrates an exceptional growth of 36 per cent from N30.4 billion recorded in 2022.
Likewise, Transcorp Hotels Plc’s operating income rose from N8.8 billion in December 2022 to N13.1 billion in December 2023, showing a 50 per cent increase.
With a 133 per cent increase from N2.6 billion in December 2022 to N6.1 billion in December 2023, the company’s profit for the year saw impressive development.
Its total assets also witnessed a five per cent increase, reaching N126.1 billion in the reviewed year, compared to N120.5 billion in the previous year.
Credit: thenationonlineng.net
