ABC Transport Plc on the 31st July, 2020 posted N3.431bn turnover for the half year ended June 30th, 2020. This is represents about 14% improvement on its previously reported N3.022bn turnover in 2019.
The Transport Company sheds its bottom-line figures by 2073% to settle at a loss after tax of N395mn from Profit After Tax of N20mn declared in the preceding period of 2019.
Consequently, the company’s earnings per share dropped by 2073% from N0.01 in 2019 to a deficit of N0.24 in the current period under review,
With a large outstanding number of shares running to over 1.6 billion, the price to earnings ratio stood at -1.96x and earnings yield of -50.73%.