Transcorp Hotels Plc increased Q3 2024 revenue by 67% to N48.49bn ($111.8m) driven by strategic pricing and occupancy rate improvement.
Transcorp Hotels Plc, a Nigerian hospitality firm, reported a 67% revenue increase to N48.49 billion ($111.8 million) in Q3 2024, driven by strategic pricing and strong sales across segments. Profit before tax surged 192% to N16.44 billion, while post-tax profit rose 146% to N10.24 billion. The occupancy rate improved from 79% to 83%. The company plans to introduce a significant new addition to its flagship brand soon.
October 22, 2024
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