Transcorp Hotels Energy Costs Jump 95.88% To N4.76bn Amid Rising Energy pricing — Akelicious

Transcorp Hotels Energy Costs Jump 95.88% To N4.76bn Amid Rising Energy pricing — Akelicious

Transcorp Hotels’ energy cost has surged by 95.88 per cent from N2.43bn in 2023 to N4.76bn in 2024, according to the company’s 2024 annual report and financial statements. This rise in energy expenses makes it the second-largest operating cost for the company during the year. observed that the energy costs exceeded employee expenses, which rose to N4.73bn in 2024 from N2.48bn the previous year. Speaking on the challenges faced during the period,…

Transcorp Hotels' 74 Kobo Dividend, 270% Over Previous Year - InsideBusiness - Business News in Nigeria

Transcorp Hotels Plc has significantly increased its dividend payout for the 2024 financial year, raising it by 270 per cent to 74 kobo per share from the 20 kobo paid in 2023. This surge follows a remarkable financial performance, with revenue climbing 69 per cent to N70.13 billion and profit before tax soaring by 138 per cent to N22.61 billion. At its 11th Annual General Meeting (AGM) held on Thursday in Abuja, the hospitality giant’s Chairman…