Tranex Plc Posts 81% Fall In Profit In Nine Months - Business - Nairaland
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| Tranex Plc Posts 81% Fall In Profit In Nine Months by amoss: 4:27am On Oct 26, 2017 |
Trans-Nationwide Express plc (TRANEX PLC) is reporting 81% decrease in profit to NGN 6.4 million for the nine months ended in the year compared to NGN35.1 million profit reported in the financial year 2016. The company ended the period with NGN534.6 million revenue in contrast to NGN602.6 million recorded in the previous year.Gross profit reduced to NGN291.2 million against NGN335.3 million posted in the year before. The company’s financial cost dropped to NGN1.6 million in contrast to NGN3.0 million recorded in the fiscal year 2016. Tranex plc said its total assets at the end of the period was NGN562.6 million compared to NGN571.9 million acquired in the year before while total liabilities stood at NGN142.2 million against NGN128.6 million in 2016. Source: http://pageone.ng/2017/10/25/tranex-plc-posts-nine-months/ |
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