Transcorp Hotels Says 2015 Pretax Profit Rises 18.46%

Transport Hilton

By InvestAdvocate

Lagos (INVESTADVOCATE)-Transcorp Hotels Plc, the hospitality unit of Nigeria’s top tier conglomerate, Transnational Corporation of Nigeria Plc on Thursday said its pretax profit for the period ended December 31, 2015 rose 18.46 percent to N5.377 billion from N4.540 billion declared a year ago.

Similarly, profit after tax (PAT) grew 8.59 percent to N3.497 billion from N3.220 billion posted the same period of 2014.

On the flipside, revenue of Transcorp Hotels declined from N15.105 billion in 2014 end to N13.979 billion reported in the review period of 2015, the hospitality subsidiary of Transcorp said in a filing with the Nigerian Stock Exchange (NSE).

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