Transcorp Hotels

Transcorp Hotels appoints new Non-Executive Director

Udechukwu Obi Osakwe has been appointed as Non-Executive Director of the leading hospitality brand Transcorp Hotels Plc, effective February 17, 2023, subject to the approval of shareholders. Osakwe’s appointment comes following the retirement of Mr. Alexander Adeyemi from the Board…

2021 Half Year Results: Revenue of Transcorp Hotels rises by 84% in Q2 

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…