News Express banner Camano banner
Shareholders laud Transcorp Hotels for impressive performance, approve 15k per share as dividend

By News Express on 18/03/2019

Views: 224


The Shareholders of Africa’s leading hospitality brand, Transcorp Hotels Plc, have extolled the company for its impressive financial results for the year ended December 31, 2018. The congratulatory remarks were made at the company’s 5th Annual General Meeting, which took place at the Congress Hall of the iconic Transcorp Hilton, Abuja.

Following the company’s 26% increase in turnover, the shareholders have unanimously endorsed a final dividend of N1.14bn for the 2018 financial year. The final dividend translated to 15 kobo per ordinary share, which is a 20% improvement over the 12 kobo per ordinary share for 2017.

Speaking on the company’s growth milestones, Chairman of the Board of Directors, Mr. Emmanuel N. Nnorom, said: “Transcorp Hotels Plc has exceeded the bar with an impressive turnover of N17.4 billion from N13.8 billion recorded in 2017, representing an improvement of 26%. This is an unprecedented achievement in the history of the company. It is a further demonstration of our ability to adapt quickly to a changing business environment while keeping pace with global best standards in hospitality.”

Nnorom also thanked the shareholders for their continued support and faith in the Board and Management of the company.

Commending the company for its overall performance, Patrick Ajudua, President, New Dimension Shareholders Association, said that Transcorp Hotels Plc is an embodiment of what privatisation in Nigeria should be. He further stated that good Corporate Governance and the presence of a focused Management team who are concerned with giving returns to shareholders are some underlying factors behind the company’s continued success.

The Managing Director/CEO, Mrs. Owen Omogiafo, reiterated the company’s commitment to quality and global standard customer experience, drawing on the varied international awards conferred on the Company. She said: “We are redefining the hospitality landscape in Africa and positioning our continent as a preferred destination for local and international tourists. Our numerous awards and recognition are proof of this.”

On the prospects for 2019, Mrs. Omogiafo noted: “Transcorp Hotels will continue to leverage on its unique value proposition and proven strategies to exceed 2018 performance.” She further said that growth and efficiency underpinned by a strong culture of service excellence and cost optimisation will drive the company.

•Photo shows, R-L: Executive Director, Transcorp Hotels Plc,  Ms Okaima Ohizua; Managing Director/CEO, Mrs Owen Omogiafo; Chairman, Mr. Emanuel Nnorom; Company Secretary, Ms Helen Iwuchukwu; and Director/President of Transcorp Plc, Mr. Valentine Ozigbo, at the 5th Annual General Meeting of the company held at Transcorp Hilton Hotels Abuja on Friday.

 

Source News Express

Posted 18/03/2019 7:23:10 PM

 

 

CLASSIFIED ADS

 

You may also like...
How Obama influenced Nigeria’s 2015 election, Jonathan reveals...

Speed Limit Device: No going back on October...

Anti-corruption whistle-blowers ‘flee South Africa’

120 youths renounce cultism in Ikorodu

Galileo Galilei, Bolanle Ambode and Italy

Judiciary flays Obiano over poor welfare of workers,...

No more war — Ethiopia, Eritrea •UN hails...

Anambra flood victims refuse to vacate homes

2 die as thugs strike at Abia PDP...

Why Fulanis are killing Southern Kaduna Christians: Kaduna...

Snakes kill 250 in Plateau, Gombe

The pastor behind CAN N7 billion bribe story...

 

Latest News 19 students commit suicide for failing exams 19,323 applicants jostle for less than 500 PTDF oversees scholarships 10 Nigerians arrested for drug peddling in Italy FG approves N52bn for e-monitoring of porous borders Suspected herdsmen kidnap 2 Chinese workers in Ebonyi El-Zakzaky: Shiites take protest to United Nations Nigerian pirates abduct six sailors Osun Guber: Senator Adeleke’s life under threat, PDP cries out Insecurity: Senate summons Acting IGP Group plans support, scholarship for 1,000 orphans in Nigeria Crisis looms in APGA; Northern Stakeholders demand national chairmanship position NAF bombers kill insurgents, destroys vehicles in Sambisa Forest

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (471,743 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (415,513 views) Shameless Genevieve Nnaji exposes breasts in public (353,086 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (302,219 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (266,578 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (239,355 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (226,428 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (207,982 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (197,172 views) 10 cars more expensive than Jets (190,192 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (179,373 views) Lagos plane crash: Journalist releases victims’ names (178,899 views)

 

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (88) Business & Economy (4,218) Business Verdict (66) Columnists (1,020) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (607) Features (746) Global Business Monitor (344) ICT Monitor (39) International (3,364) Interview (176) Live Commentary (29) Love Matters (156) Maggie's Blog (236) News (45,333) Opinion (1,228) Pidgin (17) Politics (10,648) Religion (985) Sports (1,971) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera