2021:Transcorp Hotels Records 114% Growth In Revenue, Votes N717m For Dividend 

Transcorp Hotels Plc has announced its Audited Financial Statements for the full year ended December 31, 2021.  

 The results published on the Nigerian Group Exchange showed a 114% growth in Revenue to N21.74bn from N10.16bn as of December 2020, while Gross Profit rose by 143 % to N16.23bn from N6.67bn.   

 The Company’s results show an impressive growth in its performance signalling its strong recovery from the impact of the COVID- 19 pandemic in 2020. The performance also reflects the Company’s resilience and nimbleness, as it consistently leverages innovation to achieve an outstanding performance, breaking occupancy, and revenue records in 2021.