The tourist company posts NGN2.7 billion loss for q2

International Breweries

The Tourist company of Nigeria plc loss for the second quarter of the year reduced by 50% to NGN2.7 billion compared to NGN5.5 billion loss recorded same period in the year 2016.

The company’s revenue for the period was NGN1.4 billion against NGN1.4 billion posted in the year before while gross profit was NGN3.1 billion in contrast to NGN2.8 billion in the previous year.

The Tourist company recorded NGN9.9 billion total assets in the balance sheet for the period under review against NGN10.5 billion in the year 2016 while total liabilities was NGN19.6 billion in contrast to NGN17.5 billion in the year before.

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