Tuesday, October 21, 2025
spot_img

More News

spot_img

Related Posts

Transcorp Hotels reports 49% revenue growth, N22.4bn profit before tax

Transcorp Hotels Plc recorded a 49% revenue growth and a 36% rise in profit before tax for the third quarter of 2025, underscoring strong operational and financial performance across its hospitality operations.

The company reported ₦72.31 billion in revenue for the period ended September 30, 2025, up from ₦48.49 billion in the same period last year. Profit before tax rose to ₦22.4 billion, driven by cost efficiency, operational discipline, and customer-focused strategies.

Transcorp Hotels, a subsidiary of Transnational Corporation Plc, said the results affirm its leadership position in Nigeria’s hospitality industry and reflect its long-term commitment to sustainable profitability.

Chairman Emmanuel Nnorom said the performance “underscores our strategy focused on cost discipline, operational efficiency, and putting the customer at the heart of everything we do.”

ALSO READ

Managing Director and CEO, Uzo Oshogwe, added that the company’s recently launched 5,000-seat Transcorp Centre in Abuja has begun positioning Nigeria as a regional hub for global conferences and events.

She said, “Our Q3 2025 results reflect our drive for excellence and our commitment to redefining hospitality in Africa. With the success of our new event centre, we are scaling sustainable value for our shareholders.”

Transcorp Hotels said it will continue to leverage its brands, including the Transcorp Hilton Abuja and Aura by Transcorp Hotels, to expand its market presence and strengthen service quality.

Ogungbayi Faesol
Ogungbayi Faesol
Faesol is a content writer at News Round the Clock, bringing nearly three years of experience since beginning as an intern. He specializes in producing clear, engaging, and insight-driven coverage of emerging trends, technological innovation, and broader developments across the digital landscape.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Captcha verification failed!
CAPTCHA user score failed. Please contact us!

More to explore