Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group, has announced its Q3 results for 2024.
The company reported a strong performance with a 67% revenue growth from N28.97 billion in Q3 2023 to N48.49 billion in Q3 2024 and a 192% increase in profit before tax from N5.64 billion in Q3 2023 to N16.44 billion in Q3, 2024.
The organisation said the remarkable revenue growth is fueled by strategic pricing initiatives and robust sales efforts across all business segments, with a particular emphasis on the targeted Group and International Business segments.
Revenue grew by 67% to N48.49 billion in Q3 2024, up from N28.97 billion in Q3 2023, while profit before tax increased by 192% from N5.64 billion in Q3 2023 to N16.44…