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TRANSCORP HOTEL
Transcorp Hotels has reported N14.9 billion in revenue from food and beverage sales between January and September 2024, marking an impressive 82% increase from N8.19 billion during the same period in 2023.
Transcorp Hotels in the first nine months of 2024 grew its profit before tax by up to 191.1% from N5.63 billion in the same period of 2023 to N16.43 billion.
As multinationals exit, these Nigerian companies are spending billions on expansion projects in 2024
Nigeria has witnessed a significant exit of companies in the last 18 months from the beginning of 2023.
As Nigeria's economic landscape continues to shift, the debt profiles of some of the nation's largest and most capitalized companies are climbing to high levels.
Transcorp Hotel has rejoined the N1 trillion market capitalization club, also known as the SWOOTs.
After an initial bullish run in the NGX this year, which saw the introduction of six new stocks into the category of stocks worth over N1 trillion (SWOOTs) namely United Bank for Africa, Access Holdings, Transcorp Hotels, FBN Holdings, Geregu Power, and Dangote Sugar Refinery the number of stocks in the SWOOTs category increased to fourteen.
Companies related to Tony Elumelu closed 2023 as one of the top performers of the year, marking a remarkable year for the billionaire investor.
Transcorp Hotel Plc released its unaudited financial results for the third quarter ended 30th of September, 2021. Revenue...