Daar Communications posts N3bn loss

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Daar Communications Plc has reported loss before tax of N3bn for 2016 full year.

This was contained in the firm’s filings with the Nigerian Stock Exchange on Tuesday.

The 2016 N3bn loss before taxation represented a worse scenario compared to the loss of N1.48bn posted a year ago.

For the year under review, revenue stood at N3.73bn compared to N7.09bn recorded the previous year.

 

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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