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Home Business News

Afromedia Plc posts ₦1.7 billion loss in 2016

Fikayo Owoeye by Fikayo Owoeye
April 16, 2018
in Business News, Company News
A legal view of corporate finance in Nigeria
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Afromedia Plc has released its audited financial statements results for the year ended 30th September 2016.

 Turnover

2015: ₦407.25 million

2016: ₦494.4 million.

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%Change: 21.4%

Loss before tax

2015: ₦2.7 billion

2016:₦1.76 billion

%change:-34.8%

Earnings per share

2015:   -62kobo

2016:   -40kobo

% change:-35.5%

Here is a copy of the result

 

 


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Tags: 2016 FY ResultsAfromedia Plc
Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

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