Tag: Transcorp Hotel
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For ease of understanding Transnational Corporation of Nigeria is a conglomerate with subsidiaries operating in the power and hospitality space. The company few days ago released its results for the financial year ended December 2024. FY 2024 numbers Revenue increased by 107%, rising to N408 billion in 2024 from N197 billion in 2023. Profit after…
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2024 was (and is because the year isnt over) a tough year for many businesses. Hotels seem to have had it great. Ikeja Hotels and Transcorp Hotels had topline and bottomline growth. I also took a detour to UPDC’s hotel. Though not listed, but some colour was provided in the parent company’s 9M 2024 numbers. …