March 19, 2019

Transcorp shareholders to get over N1bn dividend

Transcorp Hilton Abuja

Shareholders of Transcorp Hotels Plc will get a total of N1.14 billon as dividend for the 2018 financial year. Transcorp Hilton Abuja

Accordingly, the figure translates to 15kobo per ordinary share, which is a 20 percent improvement over the 12kobo per ordinary share for 2017.

Consequently, shareholders of Transcorp extolled the company for its impressive performance for the year ended December 31, 2018 at the 5th Annual General Meeting, which took place in Abuja.

Speaking on the company’s performance, Chairman of the Board of Directors, Mr. Emmanuel Nnorom said “Transcorp Hotels Plc has exceeded the bar with an impressive turnover of ¦ 17.4billion from ¦ 13.8billion recorded in 2017, representing an improvement of 26 percent. This is an unprecedented achievement in the history of the Company. It is a further demonstration of our ability to adapt quickly to a changing business environment while keeping pace with global best standards in hospitality.”

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Commending the company for its overall performance, Patrick Ajudua, President, New Dimension Shareholders Association said that Transcorp Hotels Plc is an embodiment of what privatisation in Nigeria should be. He further stated that good Corporate Governance and the presence of a focused management team who are concerned with giving returns to shareholders are some underlying factors behind the company’s continued success.

The Managing Director/CEO, Mrs. Owen Omogiafo reiterated the company’s commitment to quality and global standard customer experience, drawing on the varied international awards conferred on the Company. She said “We are redefining the hospitality landscape in Africa and positioning our continent as a preferred destination for local and international tourists. Our numerous awards and recognition are proof of this.”