Transcorp Plc released its results for the half year ended June 2019.
Revenue fell from N54 billion in 2018 to N37.7 billion in 2019, down 30.1% year on year.
Profit before tax dropped sharply by 57.9% from N11.9 billion in 2018 to N5 billion in 2019.
Profit after tax also declined from N10.8 billion in 2018 to N4.6 billion in 2019.
