ALERT: Afromedia posts smaller revenue of N107.8 million in Q1

ALERT: Afromedia posts smaller revenue of N107.8 million in Q1

Nigeria’s only outdoor advertising company listed on the stock exchange, Afromedia said it recorded a total revenue of N107.8 million for the first quarter ended December 2018.

The company’s revenue profile has further depreciated significantly bearing in mind it reported about N115 million same period year before.

Profit before tax fell to N13.8 million compared to N95.8 million reported last year.