Nigeria’s Transcorp says Q1 pretax profit falls 32 pct

Whatapp News

LAGOS,  – Transnational Corporation Nigeria said on Thursday its first quarter pretax profit fell by 31.6 percent to 2.57 billion naira ($13 million), from a year ago.

Revenue also fell to 9.99 billion naira in the period to end-March against 10.53 billion naira a year ago, the company said without giving any reason for drop in earnings.

($1 = 198.0000 naira) (Reporting by Oludare Mayowa; Editing by James Macharia)


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