Transnational Corporation of Nigeria Plc reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NGN 49,729.89 million compared to NGN 31,499.9 million a year ago. Net income was NGN 10,009.76 million compared to NGN 3,752.75 million a year ago. Basic earnings per share from continuing operations was NGN 0.272 compared to NGN 0.0923 a year ago. Diluted earnings per share from continuing operations was NGN 0.272 compared to NGN 0.0923 a year ago.
For the six months, sales was NGN 82,123.73 million compared to NGN 62,889.03 million a year ago. Net income was NGN 11,058.01 million compared to NGN 5,852.43 million a year ago. Basic earnings per share from continuing operations was NGN 0.272 compared to NGN 0.144 a year ago. Diluted earnings per share from continuing operations was NGN 0.272 compared to NGN 0.144 a year ago.