Audio By Carbonatix
Sporting Club Accra Hearts of Oak recorded some disturbing financial performance a year after going public.
The club went down in all its areas of operations. It recorded a loss of 975 thousand Ghana cedi for the financial year ending August 31 this year.
The club’s revenue also went down, while’s expenses and total liabilities went up substantially. Managing Director of Strategic African Securities.
Managing brokers for the club’s shares, Apiigy Afenu however predicts some exciting times for the club going forward.
The club last year raised 2.5 million Ghana cedis through a public offer and the shares are currently trading over the counter.
Investment banker Togbe Afede currently chairs the 12 member board of the Accra Hearts of Oak. Other prominent members on the board include Managing Director of Stanbic Bank Alhasan Andani.
The club is later today due to engage its shareholders at an Annual General Meeting.
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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