Wednesday 8 April 2015
Transcorp says 2014 pretax profit down 14 pct
Transnational Corp. of Nigeria, a conglomerate with interest in hotels, power and oil and gas, said on Wednesday its 2014 pretax profit fell 14 percent to 7.73 billion naira ($39 million) from year ago.
The firm did not give a reason for the drop in profits. It said in a statement revenues more than doubled during the period to 41.3 billion naira.
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