TRANSCORP HOTEL reports N855 million as net profit in Q3 2021

Transcorp Hotel Plc released its unaudited financial results for the third quarter ended 30th of September, 2021.

• Revenue for the period was N5.83 billion. (189.88% YoY)
• Cost of Sales totalled N1.46 billion. (+93.57% YoY)
• An operating profit of N1.81 billion was recorded. (+514.21% YoY)
• Profit before Tax of N855 million (+142.66% YoY)
• Profit after tax was N852 million. (+142.51% YoY)
• Total assets during the period under review was 115.38 billion.

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