Trans Nationwide Express Plc reports loss of N59.85 million in FY 2020.

Trans Nationwide Express Plc released its full-year results for the year ended 31st December 2020.

• Revenue for the year was N668.6 million. (-15% YoY)
• Direct costs of operation was N543.6 million (+6% YoY)
• Gross profit was N125 million (-55% YoY)
• The Company incurred a loss after tax of N59.85 million.
• The total shareholders’ fund was N512.9 million. (-13% YoY)
• Net assets per share was N109 (-13% YoY)

See link to results.