Trans-Nationwide Express Plc. Managing Director resigns.

The Board of Directors of Trans-Nationwide Express Plc (TRANEX Plc) has notified the Nigerian Exchange Limited (NGX) and the general public of the resignation of its Managing Director, Mr Theodore Chikelu.

According to a notice signed by the company’s secretary, Adesua Akintemi, and filed with the Nigerian Exchange Limited (NGX), the resignation of Mr Chikelu has been duly accepted by the Board.

The Board seized the opportunity to thank the outgoing boss for his valuable contributions during his tenure as the Managing Director/CEO of the company, and wished him well in his future endeavours.

On the other hand, the company revealed that the NGX and the general public will be notified once a new Managing Director/CEO is appointed.

About Theodore Chikelu

Mr Theodore Chikelu is an expert in developing emerging and niche markets. His work experience spans across the public and private sectors. He joined Trans-Nationwide Express Plc (TRANEX) in October 2018 as Chief Operating Officer and was later promoted to the Managing Director of the Company, following the retirement of his predecessor, Chidinma Iheme.

Prior to joining TRANEX, he was the MD/CEO of Jet Afrique Aviation Services Ltd, an aviation support and charter company. He also gained valuable work experience from some leading Nigerian Airlines, including Bellview Airlines, Arik Airlines, among others.

Chikelu holds a Bachelor’s degree in Geography and a Master of Public Administration degree from the prestigious University of Nigeria, Nsukka. He is a member of the Institute of Personnel Management of Nigeria and the Institute of Management Consultants.

Trans-Nationwide Express Plc formerly known as TNT Skypak Nigeria Limited is a leading logistics company engaged in domestic and International Express delivery, haulage, freight and other ancillary transportation and storage services. It was established in 1984.

 

Trans Nationwide Express Plc reports half year loss of N48.7 million

Trans Nationwide Express Plc released its unaudited financial results for the period ended June 30, 2021.

  • Revenue for the period was N333.99 million. (+5.3% YoY)
  • Direct cost of N174.03 million. (+24.5% YoY)
  • Administrative expenses totalled N255.42 million. (+0.1% YoY)
  • Total assets for the period stood at N917.41 million. (+16.7% YoY)
  • Loss for the period was N48.7 million.
  • Loss per share of -0.10 kobo Vs -0.17 kobo YoY

See link to results.

Trans Nationwide Express Plc postpones Annual General Meeting by a week.

The Board of Directors of Trans Nationwide Express Plc has resolved to postpone the date for its Annual General Meeting (AGM) by a week.

According to a notification filled with the Nigerian Exchange Group Limited, the AGM which is expected to hold on the 21st of July, 2021 by 11:00 am at Radisson Blu Hotel, Ikeja has been extended to 28th of July, 2021 at the same venue and time.

According to the notice, the change in the date of the AGM is as a result of the anticipated public holiday scheduled for 20th and 21st of July, 2021 (for the celebration of the Muslim Id El Kabir).

In light of this, all other details of the AGM, including resolutions to be proposed at the meeting remain unchanged.

What you should know:

  • On the 27th of May 2021, Trans Nationwide Express Plc announced that it will be hosting its AGM on 21st of July at the aforementioned venue. Among other things, the firm’s audited financial statements for the year ended, together with the reports of the Directors, independent auditors and the audit committee were to be reviewed.
  • Trans Nationwide Express Plc is a leading logistics and courier service company in Lagos, Nigeria. It offers Courier services, Cargo, Cold chain, Air cargo nationwide and internationally.

For more information about the recent disclosure, click HERE.

 

 

 

Trans Nationwide Express Plc reports loss of N59.85 million in FY 2020.

Trans Nationwide Express Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N668.6 million. (-15% YoY)
  • Direct costs of operation was N543.6 million (+6% YoY)
  • Gross profit was N125 million (-55% YoY)
  • The Company incurred a loss after tax of N59.85 million.
  • The total shareholders’ fund was N512.9 million. (-13% YoY)
  • Net assets per share was N109 (-13% YoY)

See link to results.