Transnational Corporation of Nigeria Plc announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was NGN 15,391.959 million compared to NGN 18,306.090 million a year ago. Operating income was NGN 4,134.178 million compared to NGN 5,153.171 million a year ago. Net loss was NGN 503.873 million compared to net income of NGN 643.819 million a year ago. Basic loss per share was NGN 0.0124 compared to basic earnings per share of NGN 0.0158 a year ago.