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Headline : Transcorp Hotels Shareholders Consent To N2.05bn Dividend Amid Expansion Plans

Read more from the original article on here at www.arise.tv.





Tags : #transcorp #hotels #shareholders #consent #n205bn #dividend #amid #expansion #plans


No. of Paragraph 28

Shareholders of Transcorp Hotels Plc, have approved N2.05 billion as dividend, translating to 20 kobo per ordinary share for the 2023 financial period.

The shareholders also backed the company’s expansion and investment strategies and commended the board and management for leading the entity on the path of profitability.

Speaking at its 10th Annual General Meeting (AGM) in Abuja, Chairman of the company, Mr. Emmanuel Nnorom, said the dividend payout would have been higher but for the investments and expansion plans which are currently underway.

He reiterated the company’s commitment to continuously maximize long-term value for shareholders by accelerating growth, improving margins and allocating resources and capital prudently.

Read more from the original article on here at www.arise.tv.


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