Transnational Corporation of Nigeria Plc announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was NGN 18,069.224 million compared to NGN 24,302.031 million a year ago. Operating income was NGN 5,166.350 million compared to NGN 8,719.806 million a year ago. Net loss was NGN 111.398 million compared to net income of NGN 2,251.711 million a year ago. Basic loss per share was NGN 0.0027 compared to basic earnings per share of NGN 0.0554 a year ago. For the full year, sales was NGN 76,347.289 million compared to NGN 104,162.785 million a year ago. Operating income was NGN 22,249.748 million compared to NGN 34,649.324 million a year ago. Net income was NGN 2,409.583 million compared to NGN 9,314.010 million a year ago. Basic earnings per share was NGN 0.0593 compared to NGN 0.2291 a year ago.