“Heavy Loss” As Transcorp Releases Half Year Report Ended June 2019

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.