ABC Transport cut losses by 86% for Q2

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ABC Transport plc said it reduced its losses by 86% to NGN31.6 million loss for the second quarter of the year in contrast to NGN232.4 million loss recorded same period financial year 2016.

The transport company said its revenue lowered to NGN1.5 billion against NGN2.1 billion in the previous year and gross profit was NGN164.3 million in contrast to NGN330.6 million in the previous year.

ABC Transport plc total assets for the period was NGN4.1 billion compared to NGN4.6 billion in the year before while total liabilities was NGN2.2 billion against NGN2.5 billion in 2016.

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