TOURIST Declares N6.2bn loss in Q3 2020 Results, (SP:N3.15k)


Tuesday, November 11, 2020 / 2:18 PM / by NSE / Header Image Credit: Tourist Company of Nigeria

The Tourist Company of Nigeria Plc released its Q3 2020 Unaudited results for the period ended September 30th, 2020.

Key Highlights

  • Revenue declined by -69% to N760m from N2.4bn in the previous quarter.

  • Loss before tax stood at N6.2bn.

  • Loss after tax stood at N6.2bn.

  • Net Assets declined by -27% from N11.3bn to N5bn.

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