WorldStage Newsonline– Transnational Corporation Of Nigeria Plc (Transcorp), a diversified conglomerate with strategic investments and core interests in the hospitality, agribusiness and energy sectors is not expecting business to return to full swing in first quarter 2021 as it released a profit before taxation forecast of N461.931 million for the period, a 60.81% drop from N1.179 billion forecast from the fourth quarter 2020.
The Q1 2021 Earnings Forecast released at the Nigerian Stock Exchange signed by Owen Omogiafo Mutiu Bakare, President / CEO and Mutiu Bakare, Group Chief Finance Officer also put turnover at N13.097 billion, down from N18.570 billion projections for Q4 2020.
WorldStage earlier reported that Transcorp forecasted a pretax profit of N1.179b in Q4 2020
