ABC Forecast Q2 Revenue Of N1.8Billion

ABC Transport Company Plc released its earnings forecast for the second quarter of 2013. The company projects revenue of N1.83billion and Pre-tax profits of N151million for the period ended June 2013. The company posted second quarter revenue of N1.6billion back in June 2012 (same period) and pre-tax profit of N96million.

ABC Transport currently trades at N0.59. The share price has returned 18% year to date and also trades at a negative P.E ratio. Its share price is also half its Trailing Book Value (0.5x).