Transcorp Hotel Plc has posted N3.49billion profit after tax in the 2015 annual report submitted to the Nigerian Stocks Exchange.
The annual statement indicated an increase of N270m when compared to the profit of 2014.
The gross for the group was N10.62billion in 2015 lower than the N11.59 declared in 2014, the result showed, while the profit before tax was N5.37billion above the 2014 figure of N4.54billion.
Total revenue for 2015 stood at N13.97billion compared to 15.10 billion . the report signed by the company secretary, Helen Iwuchukwu and sent to the bourse said the company maintains controlling interest in Transcorp Hotel, Calabar, Limited, Transcorp Hotel, Port Harcourt, Limited and Transcorp Hotel Ikoyi, beside the Abuja Hotel.
The report said the profit has been transferred to retained earnings.
