Transcorp Hotels reports N22.53 billion pre-tax profit in 9 months 2026
Transcorp Hotels Plc has reported a profit before tax of N22.53 billion for the nine months ended September 2026. The post Transcorp Hotels reports N22.53 billion pre-tax profit in 9 months 2026 appeared first on Nairametrics .
Transcorp Hotels Plc reported a profit before tax of N22.53 billion for the nine months ending September 2026, marking a slight 0.55% increase compared to N22.40 billion in the same period last year. This information, contained in the company's unaudited consolidated financial statements, was released on the Nigerian Exchange (NGX).
The third quarter saw a profit before tax of N8.83 billion, a 13.18% decrease from N10.18 billion a year prior. Revenue and operating profit experienced declines across various categories, despite increases in service-charge and recreation-service revenues. The company's asset base grew to N206.82 billion, while net cash used in investing activities amounted to N5.92 billion.
Shareholders saw a significant rise in share price, increasing by 76.49% to N290.50 at the close of trading on October 16, 2026.
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