Transnational Corporation of Nigeria Plc on 19th July, 2019 released its unaudited financial results for the period ended 30th June 2019. The result revealed that the Company declined in Revenue by 30.19% to arrive at N37.762 billion against the previous’ N54.089 billion in the corresponding period of 2018.
The Profit after Tax (PAT), also dipped by 57.57% to close the period at N4.614 billion against the previous close of N10.875 billion in HY’18.
With about 40 billion Share outstanding, the Shareholders’ earnings per share fell by about 58% to close at N0.11 below N0.27 recorded same period last year.
At a reference price of N1.02, it closed last Friday, the company’s PE Ratio is at 8.99x with earnings yield of 11.13%.