Afromedia cuts losses to N49.1 million in Q1


Nigeria’s only listed media company, Afromedia Plc, said its loss before tax for the first quarter of the year fell to N49.1 million.

The result is a major improvement because it recorded N179.5 million loss before tax within the same period last year.

Gross revenue for the period was put at N177.2 million compared to N233.6 million reported last year.

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