Transnational Corporation of Nigeria Plc on Thursday, March 2 released its audited group financial statement for the year ended 31 December, 2016 with a loss of N1.127 billion as against a profit of N2.032 billion in 2015.
The statement released at the Nigerian Stock Exchange also showed that despite a 45.81% growth in turnover at N59.425 billion, from N40.754 billion in 2015.
The Group recorded a loss before tax of N5.928 billion from profit before tax of N3.320 billion in 2015, Worldstage reports.
The report also showed that Transcorp committed N4.801 billion to taxation from negative N1.288 billion in 2015 while earnings per share dropped to -N2.29 from N0.96 in 2015.
