WorldStage Newsonline– ABC Transport Plc that is in the business of road passenger transportation between major cities in the south, north central and Abuja has released its consolidated and separate income statements for the nine months ended September 30, 2020 with 5.58% increase in revenue to N4.893billion from N4.634 billion in 2019.
Despite the revenue growth, the company sank into N531.972 million loss from N96,636 million profit in nine months 2019, no thanks to spike in operating cost.
Operating costs in 2010 went up to N4.155 billion at 84.93% of revenue, as against N3.554 billion representing 76.68% of revenue in 2019.
