Transcorp Hotels Plc released its financial report for the year ended 31 December, 2018 on Friday 15th of February 2019. The revenue of the group grew by 25.9% to close at 17.42 billion against the previous close of 13.84 billion in the full year report of 2017.
Profit before tax grew by 37.01% to close at 5.04 billion against the previous close of N3.68 billion in the previous year.
Profit after Tax (PAT) grew by 38.48% to close at N3.71 billion against the previous PAT of N2.68 billion in 2017.
The earning per share of the group is N0.49 is which is a 38.48% growth from the previous EPS of N0.35 in 2017.
With reference to its current share price of N6.1, the PE ratio of Transcorp Hotels Plc stands at 12.48x with earnings yield of 8.01%
The group proposes a final dividend of 15kobo 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 27 February 2019.
The Register of Shareholders will be closed from 28th of February, 2019 to 1st of March, 2019. The Qualification date is on 27 February 2019.