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Transcorp shareholders to get over N1bn dividend

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

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

Meanwhile, the shareholders of Transcorp applauded 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 that Transcorp Hotels Plc 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.

Patrick Ajudua, President, New Dimension Shareholders Association also commended the company adding  that Transcorp Hotels Plc is an embodiment of what privatisation in Nigeria should be.

The Managing Director/CEO, Mrs. Owen Omogiafo restated the company’s commitment to quality and global standard customer experience, drawing on the varied international awards conferred on the Company.

She said the company is  redefining the hospitality landscape in Africa and positioning the continent as a preferred destination for local and international tourists.

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