Daar Communications Plc, owners of AIT and Ray Power FM released its December 2011 Audited accounts on the floor of the Nigerian Stock Exchange in the past week (21st of December). The company posted a post tax earnings of N4billion as operating expenses and finance charges bit hard on the companies revenues. The company also posted a negative cash balance of N9billion, leaving it with a negative working capital of N8.5billion.
You can view the snapshot audited accounts of the company as reflected on the website of the NSE below;