2021 Half Year Results – Positive News for Transcorp Hotels Plc as Revenue increases and the hospitality sector recovers
Transcorp Hotels Plc has announced its un-audited financial statements for the half year ended June 30, 2021. The results published on the Nigerian Exchange Group showed that revenue rose by 84% to N8.4bn from N4.5bn in June 2020, while total assets rose by 5.27% to N119bn from N113bn during the period under review. Shareholders’ funds stood at N61bn, maintaining its year-end 2020 level. The Company’s results are a testament to its resilience, recording a 97% improvement year-on-year, with a Loss Before…

