MD/CEO, Transcorp Hotels Plc, Uzoamaka Oshogwe. Photo: Transcorp
Transcorp Hotels Plc has reported a 12 per cent rise in Profit Before Tax to N13.7bn for the first half of 2026, driven by strict cost discipline and operational efficiency despite a dip in international segment revenue.
The hospitality subsidiary of Transnational Corporation Plc disclosed its unaudited financial results for the second quarter and half-year ended 30 June 2026, on the Nigerian Exchange Limited on Wednesday.
According to the regulatory filing, the company’s Profit After Tax surged 21 per cent to N10.5bn, compared to N8.7bn recorded in the corresponding period of 2025. Similarly, Profit Before Tax reached N13.7bn, up from N12.2bn in H1 2025.
A closer look at the financial highlights reveals that despite macroeconomic pressures and softer demand within its International Business segment, which saw overall revenue moderate to N44.4bn from N46.9bn in the previous year, the company strengthened its bottom line through prudent spending.
