The Transnational Corporation of Nigeria Plc (“Transcorp”) has recorded an impressive N3.7bn profit after tax in its financial year ended December 31, 2019. In its audited financial statements, the Group recorded a turnover of ₦76.35 bn, profit before tax of ₦7.90bn and a profit after tax of ₦3.71bn. Despite the drop in year-on-year financial performance, […]
The challenging business operating environment continued to impact negatively on manufacturing companies in Nigeria, reflected by Austin Laz Plc 2016 audited financial statement. The company’s 2016 financial year result recently released showed that it recorded loss before tax of N146,038 million in 2016 financial year, against N58,499 million posted in 2015 financial year During the […]
May & Baker Nigeria Plc has indicated intention to reward shareholders in 2017, for the 2016 financial year, with a dividend proposal of 6 kobo per share, amounting N58, 800,000.00. Having kept shareholders in suspense on dividend payment, having released its 2016 audited financial statement, the board of Directors of May& Baker has recommended a […]
Transnational Corporation of Nigeria has announced a profit before tax of N7.7 billion for the financial year ended December 31, 2014. A statement from the company Wednesday, said its gross profit stood at N27.6 billion for the financial year, while group operating profit also grew from N10.2 billion to N13.6 billion in 2014. The company […]