Business Japaul losses hit N13.02 billion in FY 17 – BusinessDay


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Japaul Oil and Maritime Services (JOM) Plc released its results yesterday showing total liabilities of N56.17 billion as at December 2017, exceeded total assets of N28.18 billion. This resulted in a negative shareholders fund of N28.17 billion in the period under review. Negative shareholder equity on a company’s balance sheet is a red flag that


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