By Investadvocate

Lagos (INVESTADVOCATE)-IHS Plc has recorded a Loss of N613.662 million for the period ended October 31 2011.

This was contained in the Result Announcement of the Company dated December 30 2011 to the Nigerian Stock Exchange and obtained by www.investadvocateng.com in Lagos Nigeria.

To record the N613.7 million in the review period, the Firm posted a positive Profit After Tax (PAT) of N129.647 million in the Q2 of year 2010 compared to the negative N613.7 million in the same period of year 2011; indicating a Loss of 573.3 percent (-573.3%).

Profit Before Tax (PBT) was N230.008 million in the second Quarter of year 2010 compared to a negative of N1.356 billion in the Q2 of year 2011; showing a Loss of (-689.5%).

However, Turnover increased slightly from N6.989 million in year 2010 Q2 compared to N7.579 million in the same period of year 2011; representing an increase of 8.4% in the review period.