By InvestAdvocate

Lagos (INVESTADVOCATE) – Nigeria’s leading identity management and transaction payments systems solution provider, Chams Plc on March 22, reported a loss of N1.26 billion in the audited year end December 31, 2017 compared to N1.52 billion recorded a year earlier.

Chams posted a pretax loss of N1.23 billion compared to a loss of N1.47 billion declared in the 2016 year end.

Revenue of the identity management and transaction payments systems solution provider grew 32 percent to N1.95 billion from N1.48 billion posted a year ago, Chams said in a filing with the Nigerian Stock Exchange (NSE).