By InvestAdvocate

Lagos (INVESTADVOCATE)-One of Nigeria’s largest conglomerates, Transnational Corporation of Nigeria Plc (Transcorp) said on Wednesday its pretax profit for the period ended March 31, 2015 dipped 31.8 percent to N2.57 billion from N3.76 billion reported a year earlier.

Similarly, profit after tax (PAT) declined 30.4 percent to N2.19 billion from N3.15 billion recorded in the Q1 period of 2014.

Revenue also decreased from N10.53 billion in Q1 2014 to N9.99 billion in the review period of 2015; indicating a drop of 5.2 percent, according to the conglomerate in a filing with the Nigerian Stock Exchange (NSE).