Transcorp Hotels proposes 10kobo interim dividend as H1 profit rises to N8.7bn

The board meeting of Transcorp Hotels Plc held on Thursday, July 24 and the directors of the company approved: the Unaudited Financial Statements (UFS) for the period ended June 30, 2025; and the proposal for declaration of interim dividend of 10 kobo.

The company’s closed period for trading on the shares of the company by insiders, which commenced on July 1 will remain in force until 24 hours after the filing of the Unaudited Financial Statements.

Transcorp Hotels Plc unaudited consolidated and separate financial statements for the period ended June 30, 2025 show group revenue almost doubled to N47.572billion in H1’25 from N29.719billion in H1’24. The company’s profit for the H1’25 period increased to N8.679billion from N6.615billion in H1’24.

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The interim dividend of 10 kobo per subject to appropriate withholding tax (WHT) will be paid to shareholders whose names appear in the register of members as at the close of business on Thursday, August 7.

The register of Transcorp Hotels shareholders will be closed from Friday, August 8 to Wednesday, August 13 (both dates inclusive).

On Friday, August 15 dividends will be paid electronically to shareholders whose names appear on the register of members as at Thursday, August 7, 2025 and who have completed the e-dividend registration and mandated the registrar to pay their dividends directly into their bank accounts.

TAGGED:bdothernews dividend Transcorp Hotels

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ByIheanyi Nwachukwu

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Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.