WorldStage Newsonline– R.T. Briscoe (Nigeria) Plc which is into the sale and service of Toyota and Ford motor vehicles, technical equipment, including forklifts, industrial compressors, mining and drilling equipment and generating sets has released its result for first quarter ended 31, March 2020 with a revenue of N1.382 billion, a 13% declined from N1.579 billion in Q1 2019.
The result released at the Nigerian Stock Exchange on Tuesday showed that loss for the period was cut by 74.9% to N249 million from N991 million loss in Q1 2019.
An analysis of revenue showed that motor vehicles and accessories yielded N876.760 million, down from N1.116 billion in Q1 20219
R.T. Briscoe had on Monday released its consolidated and separate finacialstatements for the year ended 31 December 2019 with a reduction of its loss for the year to N1.277 billion from N2.189 billion in 2018.
