Transcorp Hotels slammed with fine, nets N31.44bn revenue

The revenue of Transcorp Hotels grew by 46.8 per cent between January and December 2022, the company’s 2022 Consolidated and Separate Financial Statements show.

Transcorp Hotels generated N31.44 billion within 12 months last year, which is N10.02 billion more than the N21.47 billion it grossed a year before.

The hotel business also brought in N22.38 billion as grossed profit for the period in review, rising by 40.7 per cent when compared to the N15.9 billion gross profit in 2021.

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