trending Market Intelligence /marketintelligence/en/news-insights/trending/Ou7eYu8OdFqLvCI1mnQSTQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Tourist Co. of Nigeria fiscal Q3 loss narrows YOY

A Community Bank Shares its “Going Green” Story with Stakeholders

Podcast

Street Talk Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

European Energy Insights February 2021


Tourist Co. of Nigeria fiscal Q3 loss narrows YOY

Tourist Co. of Nigeria PLC said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 7 kobo per share, compared with a loss of 45 kobo per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 162.2 million nairas, compared with a loss of 1.01 billion nairas in the prior-year period.

The normalized profit margin climbed to negative 22.4% from negative 148.3% in the year-earlier period.

Total revenue increased 6.4% year over year to 722.6 million nairas from 679.4 million nairas, and total operating expenses rose 21.5% year over year to 848.9 million nairas from 698.7 million nairas.

Reported net income came to a loss of 264.9 million nairas, or a loss of 11 kobo per share, compared to a loss of 1.63 billion nairas, or a loss of 73 kobo per share, in the prior-year period.

As of April 27, US$1 was equivalent to 199.05 nairas.