ABC Transport posts N478.89m annual loss

ABC Transport Plc has reported a loss from continuing operations of N478.89 million for the 2020 financial year, compared with a profit of N198.08 million in the previous year.

The company posted a loss before income tax of N323.54 million last year, compared with a profit before income tax of N412.89 million in 2019, according to its financial statements released on Wednesday.

Its revenue, however, increased to N7.75 billion in 2020 from N6.68 billion a year earlier.