Daar Communications grows profit after tax by 106.9% to N36M

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Daar Communications Plc, a broadcasting company in Nigeria that develops, produces and markets television and radio entertainment and news programmes for markets in Africa and the United Kingdom, released its Q2 2021 unaudited results for the period ended June 30th, 2021.

Analysis carried out by the Brand Spur Data Team revealed that the broadcasting company’s revenue grew by 30% to N1.91bn from N1.5bn in the previous quarter. In terms of profit, Daar Communications recorded the following:

  • Profit before tax stood at N36m.
  • Profit after tax stood at N36m, representing a 106.9% increase year on year.

Total assets for the period stands at N14.55 billion while the cost of sales grew by 3.6% to N1.08 billion. The company’s administrative expenses dropped by 13.4% to N743.7 million.

daar communications

12th Annual General Meeting

The 12th Annual General Meeting of DAAR Communications Plc will be held on Monday, August 24, 2020, at the Company’s Corporate Headquarters, No. 1 Ladi Lawal, off Gen. T.Y. Danjuma Street, Kpaduma Hill, Asokoro Abuja, Federal Capital Territory (FCT) at 11:00 am.

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