Transcorp Hotels Plc, a key player in the hospitality industry, has achieved a significant milestone by entering the club of companies with a market capitalization of N1 trillion on the Nigerian Exchange Limited.
Earlier findings had highlighted Transcorp Hotels as a standout performer in 2023, providing investors with substantial capital gains compared to other stocks.Starting the year at N6.25 per share, Transcorp Hotels experienced an exceptional 1,027% appreciation in capital gain, closing the year at N70.18 per share.
This remarkable performance has propelled the market capitalization of the company to N1.024 trillion, with its stock priced at N100 per unit on Monday.
Dupe Olusola, the Managing Director/Chief Executive Officer of Transcorp Hotels Plc, attributed the consistent financial growth to the company’s dedication to excellence and resilience in the face of economic challenges.
Source: PUNCH