Transcorp Hotels Plc reports N48.49bn revenue in Q3 2024, profit rises by 151.47%

Transcorp Hotels Plc on Monday published its Third Quarter report for the period ended 30 September 2024. The result shows significant growth in the Company’s top line and bottom line figures, year on year.

A turnover of N48.486 billion was reported by the Company for the 9 months period, up by 67.39% from N28.967 billion reported the previous year.

Profit after tax of N10.24 billion was achieved for the period under review, up by 151.47% from N4.072 billion reported the previous year.

Earnings per share of Transcorp Hotels stands at N1.

At the share price of N97, the P/E ratio of Transcorp Hotels stands at 97.02x with earnings yield of 1.03%.

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