Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result

Transcorp Hotels reports 27% drop in profits, falls short of IPO forecast

Nairametrics by Nairametrics
March 22, 2015
in Uncategorized
Transcorp Hotels announces 37kobo dividend, beats own forecast by 184%
Share on FacebookShare on TwitterShare on Linkedin

Transcorp Hotels Plc released its 2014 Full year results showing revenues remained relatively flat year on year to N15.1billion. However, operating expenses rose 14.3% to N7.4billion pushing pre-tax profits to N4.5billion (2013 FY: N5.7billion).

Profit after tax dropped 27% to N3.2billion compared to N4.4billion reported in 2013. Earnings per share for the period was 59kobo (2013 FY: 81kobo).

Transcorp had in its IPO prospectus forecasted a N16.8billion revenues for 2014 (actual N15.1billion). Profit after tax forecasted was N5billion (Actual N3.2billion). It is important to note that the Ebola Virus breakout in Nigeria, insecurity etc. could have had a negative impact on 2014 results.

RelatedPosts

Look no Further Than GreenWaveX

FUGAZ investors gain N25 billion combined during the week

Transcorp earlier proposed a dividend per share of 37kobo.

Related

Tags: Nigerian Company ResultsTranscorp Hotels

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Look no Further Than GreenWaveX
    • FUGAZ investors gain N25 billion combined during the week
    • Top five things buyers should know when purchasing land in Africa

    Follow us on social media:

    Recent News

    Look no Further Than GreenWaveX

    Look no Further Than GreenWaveX

    July 2, 2022
    Profit-taking in FUGAZ stocks weigh down the NGX, taking the Market Cap to N21.91 trillion,

    FUGAZ investors gain N25 billion combined during the week

    July 2, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com