Daar Communications Posts NGN10.1 Million In Losses For Nine Months - Business - Nairaland
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| Daar Communications Posts NGN10.1 Million In Losses For Nine Months by amoss: 3:22pm On Oct 30, 2017 |
Daar Communications plc is reporting a 93% fall in its profit down to a net loss of NGN10.1 million on its financial results for the nine months ended in 2017 compared to NGN162.4 million reported in the same period in the financial year 2016. The company ended the period with NGN2.5 billion revenue in contrast to NGN2.7 billion it ended the previous year with while the gross loss was NGN762.4 million against NGN335.0 million posted in the year before. Total assets declared by Daar Communications was NGN16.6 billion in the nine months compared with NGB18.1 billion reported in 2016 while total liabilities was NGN9.2 billion versus NGN11.2 billion in 2016. SOURCE: https://pageone.ng/2017/10/30/daar-communications-months/ |
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