The 2019 First quarter financial report of Trans-Nationwide Express Plc for the period ended March 31st 2019 showed that the group advanced by 22.10% in Turnover to settle at N213.3 million from the previous close of N174.6 million in 2018.
The Profit after Tax (PAT), grew by 304% to arrive at N2.9 million from N723 thousand recorded in Q1’18.
The Company’s earnings per share grew above 304.29% to N0.01 in the current period while the PE Ratio and Earnings Yield at a stock value of N0.73 stood at 117x and 0.85% respectively.
Trans-Nationwide Express Plc is a transport and logistics company in Nigeria offering services for domestic and international express delivery, haulage, freight and other ancillary transportation and storage services.
Logistic services include warehousing, e-commerce, air/sea freight and removals/packaging services. Trans-Nationwide Express Plc also offers a mailroom management service and courier services as well as specialised courier services for diagnostic biological samples and clinical trial supplies.
Established in 1984 and formerly known as TNT Skypak Nigeria Limited, the company changed its name to Trans-Nationwide Express Plc in 1992. Its head office is in Lagos, Nigeria.