Business Hilights

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ABC Transport using innovation to deepen growth in recession

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No doubt, things are not too good for several sectors of the economy and the trend is not leaving Road transport out.

Recently, leading indigenous road transport revolutionist, ABC Transport Plc, has stepped up online booking with high level of ease for customers and prospective patronizers across the nation.

A source in the company said “We are transforming to world class travel and tour group and don’t forget we are on a familiar terrain.

“Our e-ticketing is very easy and flexible. We never fail our customers and even when we have some challenges on the road, it doesn’t take much the passengers are trans-loaded to another couch.

“Currently, we are dominating the West Coast which we revolutionized many years ago. Other transport groups plying the route are not better than us and we will continue to maintain lead.

The source said “Our recently released first quarter of 2016 results were not very good and we have worked out a strategy to change it for the better which is working out effectively.

It would be recalled that the road transport giant had its share of the prevailing economic recession by tumbling the books to losing N118.751 million in the first quarter of 2016.

In the results, the group’s loss before taxation stood at N106.3 million as against a profit of N39.3 million reported just 12 months ago.

The company, which was incorporated in April 1993, saw its revenue plunge from N1.71 billion in March 2015 to N1.55 billion at the end of March 2016.

Since inception, the founder and core investor, Mr. Frank Nneji has been coming up with strategic sector development models which always work out with good results.

The company’s business is road passenger transportation between major cities in Nigeria, crossing the south, north central and Abuja.

In July 2004, ABC transport commenced road passenger transportation on the west coast between Lagos, Nigeria and Accra, Ghana.

ABC Transport Ghana, in which ABC Transport Plc owns a 99 percent equity stake, was incorporated in 2007 to provide transport services within Ghana and to offer passenger and cargo handling service to ABC Transport Plc.

ABC Transport Plc is also involved in cargo business across the road passenger network and hospitality business at its City Transit Inn (CTI).


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