Transnational Corporation of Nigeria Plc announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was NGN 19,456.265 million compared to NGN 27,787.074 million a year ago. Operating income was NGN 6,014.390 million compared to NGN 8,887.310 million a year ago. Net income was NGN 1,100.148 million compared to NGN 2,459.615 million a year ago. Basic earnings per share was NGN 0.0271 compared to NGN 0.0605 a year ago. For the half year, sales was NGN 37,762.355 million compared to NGN 54,089.467 million a year ago. Operating income was NGN 11,167.561 million compared to NGN 17,346.722 million a year ago. Net income was NGN 1,743.967 million compared to NGN 4,716.349 million a year ago. Basic earnings per share was NGN 0.0429 compared to NGN 0.116 a year ago.