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Home Business News

Daar Communications reports N1.2 billion HY 2017 loss

Onome Ohwovoriole by Onome Ohwovoriole
August 25, 2017
in Business News, Corporate Press Releases
Daar Communications reports N1.2 billion HY 2017 loss
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Daar communications which owns AIT television and Raypower FM recently released its HY 2017 results. See below.

Revenue

2016 6 Months | 2,127,035

2017 6 Months | 1,727,028

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%age Change| -23%

 

Profit Before Tax

2016 6 Months| -984,437

2017 6 Months| -1,262,879

%age Change| -22%

Profit After Tax

2017 6 Months| -1,025,805

2016 6 Months| -1,286,784

%age Change| -20%

EPS (Kobo)

2016 6 Months| -13

2017 6 Months| -16

%age Change| -23%

Here is a copy of the result

This result was officially released on the 24th of August, 2017.

Tags: Daar Communications Plc.
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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