TRANSCOHOT declares N29.7bn revenue in six months

Transcorp Hotel published its half year report ended 30 June 2024. The result shows a growth in turnover N29.719 billion, up by 60.96% from N18.464 billion.

Profit after tax for the period under review is reported as N6.616 billion, appreciated by 2.72% from N2.462 billion recorded the previous year.

Earnings per share for the six months period increased to 65 kobo from the EPS of 24 kobo reported the previous year.

At the share price of N98.40, the P.E ratio of Transcorp Hotel stands at 152.34x with earnings yield of 0.66%.

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