TRANSCORP Hotels has released its unaudited financial statements for the three months ended 31st march 2016 with group revenue of N3.68 billion against N3.22 billion during same period last year.
The company recorded a 3-month group profit before taxation of N1.39 billion representing a 47% increase from 943.3 million naira recorded last year
The results also showed that the profit for the period increased by 35% to N965 million from N714 million and has been transferred to retained earnings. Earnings per share likewise grew by 44% to 13kobo from 9 kobo.
A total of 1,936,049,872 ordinary shares were added to its existing shares on the Daily Official List (DOL) of the Nigerian Stock Exchange (NSE) on April 14, 2016.
“The new outstanding shares of the company now stood at 40,657,047,297 units,” the company said in an issuer’s announcement with the NSE.

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