By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s top conglomerate, Transnational Corporation  of Nigeria Plc  said on Tuesday  its first-half (H1) pretax profit declined by 35.6 percent to N5.163  billion from N8.015 billion reported a year earlier.

Similarly, profit after tax (PAT) depreciated 38 percent  to N4.285 billion from N6.887 billion recorded in the same period of 2014.

Also, revenue of Transcorp inched down 4.52 percent to N20.253 billion from N21.212 billion declared in the H1 period of 2014, the company said in a filing with the Nigerian Stock Exchange (NSE).

Share price of Transcorp declined 8.80 percent to N2.38 from N2.50 per share to close the session.