Transnational Corporation of Nigeria Plc reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was NGN 65,948.53 million compared to NGN 38,475.81 million a year ago. Net income was NGN 8,130.26 million compared to net loss of NGN 1,125.81 million a year ago. Basic earnings per share from continuing operations was NGN 0.29 compared to basic loss per share from continuing operations of NGN 0.03 a year ago. Diluted earnings per share from continuing operations was NGN 0.29 compared to diluted loss per share from continuing operations of NGN 0.03 a year ago.
For the full year, sales was NGN 193,975.35 million compared to NGN 134,721.19 million a year ago. Net income was NGN 22,928.86 million compared to NGN 7,787.84 million a year ago. Basic earnings per share from continuing operations was NGN 0.56 compared to NGN 0.19 a year ago. Diluted earnings per share from continuing operations was NGN 0.56 compared to NGN 0.19 a year ago.