The unaudited financial statements of Transcorp Hotels Plc has recorded a turnover of N8.01billion, about 29 percent against N6.2 billion in 2017 as at June 30, 2018, and Profit Before Tax of N2.02billion, about 85 percent against N1.1 billion in the corresponding period of 2017.

Transcorp Hilton Abuja

The Group ended with an impressive Profit after Tax of N1.38billion, representing 83 percent year-on-year growth over N760million in H1’ 2017.

Commenting on the financial results, Mr. Valentine Ozigbo, Chief Executive Officer of Transcorp Hotels Plc., said “We are thrilled with the half year results of the hotel, which was primarily driven by the increase in occupancy, room inventory and aggressive marketing strategies. With the help of a strong and dedicated workforce, we will continue to deliver significant value to our shareholders and unrivalled service excellence to our customers.”

He emphasised that for Transcorp Hotels Plc. to achieve its long-term strategy of being Africa’s leading hospitality company, the organisation is investing resources into diversifying its overall guest experience using technology.

According to Mr. Ozigbo, “we recently launched the Transcorp Hilton mobile application, which allows guests request for dining services, housekeeping services, valet services and maintenance requests with the click of a button. Guests can read up about local attractions in Abuja, explore on-site and off-site recreational services and navigate key locations around the city through the inbuilt map.”