Transcorp Hotels Plc reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was NGN 8,250.02 million compared to NGN 7,041 million a year ago. Net income was NGN 474.5 million compared to NGN 880.29 million a year ago.

Basic earnings per share from continuing operations was NGN 0.05 compared to NGN 0.09 a year ago. Diluted earnings per share from continuing operations was NGN 0.05 compared to NGN 0.09 a year ago.