Transcorp Says 2015 Pretax Profit Down 57.1%


By InvestAdvocate

Lagos (INVESTADVOCATE)- Nigeria’s top tier conglomerate, Transnational Corporation of Nigeria Plc on Wednesday said its pretax profit for the period ended December 31, 2015 dropped 57.1 percent to N3.32 billion from N7.73 billion recorded a year ago.

In the same vein, profit after tax (PAT) declined 38.5 percent to N2.03 billion from N3.30 billion posted the same period of 2014.

Revenue of the conglomerate climbed down marginally by 1.4 percent to N40.75 billion from N41.33 billion declared in the corresponding period of 2014, Transcorp said in a filing with the Nigerian Stock Exchange (NSE).

Shares of the company at the close of today’s trading on the domestic bourse declined 4.31 percent to N1.11 from N1.16 traded the previous session; losing 0.05 kobo per share.

Click here to donload Transcorp Annual Report and Financial Statements for the Year Ended December 31, 2015




Leave a Comment

Your email address will not be published. Required fields are marked *