by Chi Ibe
That’s the way they roll.
Front-line cross-country road transport company, ABC Transport Plc. has declared a turnover of N4.930bn for a nine-month period that ended September 30. Last year, that figure was 4.813bn making it a 2.4 percent increase.
The results were posted on the website of the Nigerian Stock Exchange.
However, profit before tax for the company dropped by 30.24 per cent to N253.073m in the nine-month period ended September 30, from N362.749 in 2012.
It would be recalled that the company declared a dividend of 13 kobo per ordinary share of 50 kobo ahead of its Annual General Meeting, which held in August.