TOURIST Releases 2019 Audited and Q1 2020 Results, declares N4.1bn loss in Q1 2020, (SP:N3.15k)


Friday, July 06, 2020 / 4:36 PM / NSE / Header Image Credit: The Tourist Company of Nigeria Plc

The Tourist Company of Nigeria Plc released its Q1 2020 Unaudited results for the period ended March 31st, 2020.

Key Highlights

  • Revenue declined by -19.5% to N225m from N279m in the previous quarter.

  • Loss before tax stood at N4.1bn.

  • Loss after tax stood at N4.1m.

  • Net Assets declined by -27.4% from N7.1bn to N12.1bn.

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