Transnational Corporation of Nigeria Plc announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was NGN 19,564.191 million compared to NGN 19,456.265 million a year ago. Operating income was NGN 5,383.449 million compared to NGN 6,014.390 million a year ago. Net loss was NGN 622.335 million compared to net income of NGN 1,100.148 million a year ago. Basic loss per share was NGN 0.0153 compared to basic earnings per share of NGN 0.0271 a year ago. For the half year, sales was NGN 34,956.150 million compared to NGN 37,762.355 million a year ago. Operating income was NGN 9,517.627 million compared to NGN 11,167.561 million a year ago. Net loss was NGN 1,126.208 million compared to net income of NGN 1,743.967 million a year ago. Basic loss per share was NGN 0.0277 compared to basic earnings per share of NGN 0.0429 a year ago.