TOURIST Declares N4.50bn loss in Q2 2020 Results, (SP:N3.15k)


Tuesday, August 04, 2020 / 6:39 PM / NSE / Header Image Credit: The Tourist Company of Nigeria Plc

The Tourist Company of Nigeria Plc released its Q2 2020 Unaudited results for the period ended June 30th, 2020.

Key Highlights

  • Revenue decline by -57.4% to N685.13m from N1.60bn in the previous quarter.

  • Loss before tax grew by 383.7% to N4.50bn.

  • Loss after tax grew by 594.7% to N4.50bn.

  • Net Assets declined by 43.1% from N11.75bn to N6.69bn.

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