Starcomms Reports N 17 billion Loss in 2011 Audited Earnings
CDMA fixed-line operator, Starcomms just can’t seem to get it right. The company declared a revenue of N 20.2 billion in its 2011 audited FYE reports, down 31% from the N 29 billion it made in 2010.
The company recorded a profit before taxation of N 15 billion, down 202% from the previous year.
The lag on the company’s performance was primarily attributable to an operational loss of N 13 bilion.
The company recorded a loss of N 17 billion, down 330% from the N 7.6 billion it made in 2010.
The company reported no corporate actions.
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