Struggling Chams posts N3.40 billion loss in FY15

Struggling Chams Plc, an indigenous firm in Nigeria, has posted a loss after tax of N3.40 billion to end 2015 financial year, as the company shut down a cash cow on the back of low patronage. The loss position was a result of a 60.82 percent fall in revenue to N1.61 billion in December 2015 from N4