By InvestAdvocate

Lagos (INVESTADVOCATE)-IHS Nigerian Plc, telecommunications service providers Friday posted a loss of N6.600 billion for audited period ended April 2013.

From the result of the company released to the Nigerian Stock Exchange  (NSE) and obtained by InvestAdvocate, IHS Nigeria recorded a negative –N6.6 billion in the audited period of 2013 compared with -N3.623 billion in the same period of 2012; indicating a further loss for the year of -82.2 percent (-82.2%).

Similarly, Profit before Tax (PBT) went from a negative N4.886 billion to a negative of N7.514 billion; representing a further loss of -53.8% in the period under review.

However, turnover increased to 18.6% as company recorded N16.504 billion compared with N13.920 billion in the review period of 2013.