Trans-nationwide Express Plc 2024 Interim Results For The First Quarter

Trans-Nationwide Express Plc (TRANSE.ng) Q12024 Interim Report

By Published On: May 2, 2024TYPE: Interim ReportsYear: 2024Period: Q1Country: NigeriaSector: Transport

Trans-Nationwide Express Plc (TRANSE.ng) listed on the Nigerian Stock Exchange under the Transport sector has released its 2024 interim results for the first quarter.

For more information about Trans-Nationwide Express Plc (TRANSE.ng) reports, abridged reports, interim earnings results and earnings presentations visit the Trans-Nationwide Express Plc (TRANSE.ng) company page on AfricanFinancials.

Indicative Share Trading Liquidity

The total indicative share trading liquidity for Trans-Nationwide Express Plc (TRANSE.ng) in the past 12 months, as of 2nd April 2024, is US$5.61K (NGN5.56M). An average of US$467 (NGN463.48K) per month.

Trans-Nationwide Express Plc 2024 interim results for the first quarter

Company Profile

Trans-Nationwide Express PLC, established in 1984 and publicly listed since 1992, has cemented its reputation as a leading provider in Nigeria’s courier and logistics sector. Operating from Lagos with 38 branches nationwide, the company offers a comprehensive suite of services including courier, freight, logistics, mail room management, haulage, and e-commerce solutions. Despite facing a challenging financial year in 2023, with a reported decline in gross profit and profit after taxation compared to 2022, the company has demonstrated resilience by maintaining a positive shareholders’ fund and recommending dividends. Its commitment to corporate governance, ethical conduct, and continuous investment in human resources underscores its dedication to excellence and customer satisfaction. This brief overview encapsulates Trans-Nationwide Express PLC’s enduring legacy and its strategic focus on leveraging its core strengths to navigate the evolving business landscape.