Transcorp Hotels Plc announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was NGN 4,175.058 million compared to NGN 4,186.506 million a year ago. Operating income was NGN 660.685 million compared to NGN 1,109.965 million a year ago. Net loss was NGN 686.535 million compared to net income of NGN 296.817 million a year ago. Basic loss per share was NGN 0.09 compared to basic earnings per share of NGN 0.04 a year ago.