Managing Director/Chief Executive Officer, Transcorp Hotel PLC, Mrs Dupe Olusola has said that the board, management and shareholders of the company were delighted over the ₦1.33 billion total dividend payout.
This is just as she added that there will be positive change in Nigeria such that the country will take its rightful position as the giant of Africa.
The hospitality firm announced ₦1.33 billion total dividend to be paid to the shareholders of the company, at 13 kobo per share, as it closed the 2022 financial year strongly.
Speaking on TVC programme monitored by TRIBUNE ONLINE weekend, Olusola said that engaging with shareholders is really critical and priority, adding that beyond the figures and facts, it is also the accomplishment and experience given to customers and the value “we are delivering to all our shareholders that makes it all worth it”.
According to her, coming from the COVID pandemic when on a consistent basis the firm was making losses, it is exciting to witness such a turnaround.
Her words: “From that moment on, we are not only making profit, we have had phenomenal growth in our revenue, and 172 percent growth in our Profit Before Tax (PBT). It is really exceptional. For me it feels really encouraging and rewarding, and for my team members it’s the same thing.
“We are really excited because it’s a combination of hard work, dedication, constantly thinking outside the box; to constantly challenge ourselves to see what we can do, how much more value can we add.”
Transcorp delivered another exceptional year of revenue growth with a 47 per cent increase to ₦32 billion in 2022 from the ₦21.7 billion recorded in 2021.
The company in 2023 aimed at deepening its holdings as the foremost hospitality brand in Africa through innovation and technology.
On the result and accounts for the period ended December 31, 2022, she said the performance was fantastic and it comes on the heel of the determination and dedication of her team and board of directors.
According to her, “The board and management also supported in ensuring that we achieved these numbers. We had to be innovative, invest in technology and stepped outside the box, and diversify the business segments that we have.”
Prior to the Covid-19 pandemic, the hotel and the hospitality business generally was very focused on banqueting, conferencing, and business travelling.
“What we had to do was just step back and go back to the drawing board and say how do we actually diversify the segment? How do we diversify the industry, and how do we deliver to the people and cater much more beyond their business travels or conferencing.
“So,we introduced too much in terms of leisure to the hotel. We made sure that we added wonderful assets to the hotel which prior to now, we haven’t actively marketed. “From our pool side, to our tennis court, to our clubs and bars across the hotel, to our outlets. We just recently opened a Spar. We are very focused on how much more value we can deliver to all of our guests.
“We are actually not resting on our laurels. We are definitely challenging ourselves to achieve much more for the next quarter and the year beyond,” Olusola stated.
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