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	Jun '24 Jun 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	52,711	41,456	30,439	21,418	10,158	20,405	Upgrade
Revenue Growth (YoY)	55.41%	36.19%	42.12%	110.84%	-50.22%	17.10%	Upgrade
Cost of Revenue	17,921	13,776	10,489	6,602	4,111	5,954	Upgrade
Gross Profit	34,790	27,680	19,950	14,815	6,048	14,451	Upgrade
Selling, General & Admin	14,991	10,954	8,361	6,899	4,895	9,534	Upgrade
Other Operating Expenses	-53.74	497.7	66.04	-210.22	-558.3	-463.45	Upgrade
Operating Expenses	17,474	13,921	11,006	9,219	6,883	9,125	Upgrade
Operating Income	17,316	13,759	8,944	5,596	-835.55	5,325	Upgrade
Interest Expense	-3,687	-3,811	-4,078	-4,073	-4,852	-4,303	Upgrade
Interest & Investment Income	441.57	241.86	8.56	4.3	6.21	104.7	Upgrade
Currency Exchange Gain (Loss)	4,141	931.47	250.59	-345.95	-844.73	-3.92	Upgrade
Other Non Operating Income (Expenses)	-915.67	-645.17	-487.53	-279.6	-173.2	-	Upgrade
EBT Excluding Unusual Items	17,296	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	32.18	18.13	-3.2	25.46	2.82	0.95	Upgrade
Other Unusual Items	-	-	-	735	-	-	Upgrade
Pretax Income	16,316	9,482	4,634	1,663	-8,934	1,124	Upgrade
Income Tax Expense	6,023	3,228	1,772	545.3	-2,665	510.5	Upgrade
Earnings From Continuing Operations	10,294	6,254	2,862	1,117	-6,270	613.74	Upgrade
Earnings From Discontinued Operations	-46.82	-160.85	-244.59	-	-	-	Upgrade
Net Income to Company	10,247	6,093	2,618	1,117	-6,270	613.74	Upgrade
Minority Interest in Earnings	60.43	62.87	59.84	26.61	-1.06	1.83	Upgrade
Net Income	10,308	6,156	2,678	1,144	-6,271	615.57	Upgrade
Net Income to Common	10,308	6,156	2,678	1,144	-6,271	615.57	Upgrade
Net Income Growth	198.42%	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)	1.01	0.60	0.26	0.11	-0.77	0.08	Upgrade
EPS (Diluted)	1.01	0.60	0.26	0.11	-0.77	0.08	Upgrade
EPS Growth	198.42%	130.77%	136.36%	-	-	-83.69%	Upgrade
Free Cash Flow	7,913	10,690	5,446	4,876	6,688	4,907	Upgrade
Free Cash Flow Per Share	0.77	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	66.00%	66.77%	65.54%	69.17%	59.53%	70.82%	Upgrade
Operating Margin	32.85%	33.19%	29.38%	26.13%	-8.23%	26.10%	Upgrade
Profit Margin	19.55%	14.85%	8.80%	5.34%	-61.73%	3.02%	Upgrade
Free Cash Flow Margin	15.01%	25.79%	17.89%	22.77%	65.84%	24.05%	Upgrade
EBITDA	19,768	16,214	11,421	8,121	1,740	7,190	Upgrade
EBITDA Margin	37.50%	39.11%	37.52%	37.92%	17.13%	35.24%	Upgrade
D&A For EBITDA	2,452	2,455	2,478	2,525	2,575	1,865	Upgrade
EBIT	17,316	13,759	8,944	5,596	-835.55	5,325	Upgrade
EBIT Margin	32.85%	33.19%	29.38%	26.13%	-8.23%	26.10%	Upgrade
Effective Tax Rate	36.91%	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.