Transcorp Hotels Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Revenue	60,976	41,456	30,439	21,418	10,158	20,405	Upgrade
Revenue Growth (YoY)	65.91%	36.19%	42.12%	110.84%	-50.22%	17.10%	Upgrade
Cost of Revenue	20,602	13,776	10,489	6,602	4,111	5,954	Upgrade
Gross Profit	40,374	27,680	19,950	14,815	6,048	14,451	Upgrade
Selling, General & Admin	17,456	10,954	8,361	6,899	4,895	9,534	Upgrade
Other Operating Expenses	-137.79	497.7	66.04	-210.22	-558.3	-463.45	Upgrade
Operating Expenses	19,883	13,921	11,006	9,219	6,883	9,125	Upgrade
Operating Income	20,491	13,759	8,944	5,596	-835.55	5,325	Upgrade
Interest Expense	-3,788	-3,811	-4,078	-4,073	-4,852	-4,303	Upgrade
Interest & Investment Income	937.15	241.86	8.56	4.3	6.21	104.7	Upgrade
Currency Exchange Gain (Loss)	4,654	931.47	250.59	-345.95	-844.73	-3.92	Upgrade
Other Non Operating Income (Expenses)	-1,040	-645.17	-487.53	-279.6	-173.2	-	Upgrade
EBT Excluding Unusual Items	21,255	10,476	4,637	902.15	-6,699	1,123	Upgrade
Merger & Restructuring Charges	-	-	-	-	-2,238	-	Upgrade
Impairment of Goodwill	-1,012	-1,012	-	-	-	-	Upgrade
Gain (Loss) on Sale of Assets	39.31	18.13	-3.2	25.46	2.82	0.95	Upgrade
Other Unusual Items	-	-	-	735	-	-	Upgrade
Pretax Income	20,282	9,482	4,634	1,663	-8,934	1,124	Upgrade
Income Tax Expense	7,952	3,228	1,772	545.3	-2,665	510.5	Upgrade
Earnings From Continuing Operations	12,330	6,254	2,862	1,117	-6,270	613.74	Upgrade
Earnings From Discontinued Operations	-69.25	-160.85	-244.59	-	-	-	Upgrade
Net Income to Company	12,261	6,093	2,618	1,117	-6,270	613.74	Upgrade
Minority Interest in Earnings	40.88	62.87	59.84	26.61	-1.06	1.83	Upgrade
Net Income	12,302	6,156	2,678	1,144	-6,271	615.57	Upgrade
Net Income to Common	12,302	6,156	2,678	1,144	-6,271	615.57	Upgrade
Net Income Growth	173.82%	129.90%	134.08%	-	-	-83.43%	Upgrade
Shares Outstanding (Basic)	10,243	10,243	10,243	10,243	8,191	7,720	Upgrade
Shares Outstanding (Diluted)	10,243	10,243	10,243	10,243	8,191	7,720	Upgrade
Shares Change (YoY)	-	-	-	25.04%	6.11%	1.57%	Upgrade
EPS (Basic)	1.20	0.60	0.26	0.11	-0.77	0.08	Upgrade
EPS (Diluted)	1.20	0.60	0.26	0.11	-0.77	0.08	Upgrade
EPS Growth	173.58%	130.77%	136.36%	-	-	-83.69%	Upgrade
Free Cash Flow	7,947	10,690	5,446	4,876	6,688	4,907	Upgrade
Free Cash Flow Per Share	0.78	1.04	0.53	0.48	0.82	0.64	Upgrade
Dividend Per Share	0.300	0.200	0.130	0.070	-	0.070	Upgrade
Dividend Growth	130.77%	53.85%	85.71%	-	-	-53.33%	Upgrade
Gross Margin	66.21%	66.77%	65.54%	69.17%	59.53%	70.82%	Upgrade
Operating Margin	33.61%	33.19%	29.38%	26.13%	-8.23%	26.10%	Upgrade
Profit Margin	20.18%	14.85%	8.80%	5.34%	-61.73%	3.02%	Upgrade
Free Cash Flow Margin	13.03%	25.79%	17.89%	22.77%	65.84%	24.05%	Upgrade
EBITDA	22,981	16,214	11,421	8,121	1,740	7,190	Upgrade
EBITDA Margin	37.69%	39.11%	37.52%	37.92%	17.13%	35.24%	Upgrade
D&A For EBITDA	2,490	2,455	2,478	2,525	2,575	1,865	Upgrade
EBIT	20,491	13,759	8,944	5,596	-835.55	5,325	Upgrade
EBIT Margin	33.61%	33.19%	29.38%	26.13%	-8.23%	26.10%	Upgrade
Effective Tax Rate	39.21%	34.04%	38.23%	32.80%	-	45.41%	Upgrade
Advertising Expenses	-	828.81	370.11	180.98	273.41	425.12	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.