Transcorp grew 94.46% Profit after Tax in Full year 2018

 

 

 

The full year financial report for Transnational Corporation of Nigeria Plc for the period ended 31st December 2018 was released on the 15th of February, 2018.

The turnover of the group grew by 29.74% to close at N104.16 billion against the previous close of N80.28 billion in 2017.

Profit before tax grew by 82.05% to close at N22.4 billion against the previous close of N12.31 billion in the previous year.

Profit after Tax (PAT) grew by 94.46% to close at N20.63 billion against the previous PAT of N10.61 billion in 2017.

The earning per share of the group is N0.51 is which is a 94.46% growth from the previous EPS of N0.26 in 2017.

With reference to its current share price of N1.71, the PE ratio of Transcorp Hotels Plc stands at 3.35x with earnings yield of 29.82%

The group proposes a final dividend of 3kobo per ordinary share, subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 28 February 2019.

The Register of Shareholders will be closed from 1st of March, 2019 to 5th of March, 2019. The Qualification date is on 28 February 2019.

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