Friday, July 31, 2009

Starcomms in 3.6b Naira H1 Loss Up from 1b a Year Ago

Nigeria's biggest fixed wireless telecoms operator Starcomms recorded a 3.68 billion naira ($24.63 million) net loss in its second quarter to June 30, 2009, compared with a loss of 1.01 billion naira a year ago.
Starcomms said in a filing to the Nigerian Stock Exchange on Friday that gross earnings in the period rose to 16.92 billion naira from 15.80 billion naira a year earlier. ($1 = 149.75 naira).

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