9M: ABC Transport Posts N531m Loss in Nine Months

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Goddy Egene

ABC Transport Plc has recorded a loss of N531 million for the nine months ended September 30, 2020 due to high financing and other operating costs. The company recorded a revenue of N4.893 billion in 2020, up from N4.634 billion in 2019. While gross profit was N737 million, down from N1.08 billion, it ended with loss of N531 million, compared with a profit of N97 million in 2019.